On the neoclassical growth model with non-constant discounting

Ryoji Hiraguchi

Economics Letters, 2014, vol. 125, issue 2, 175-178

Abstract: We study the neoclassical growth model with non-constant discounting. We do not assume specific functional forms for discounting and demonstrate that the competitive economy always performs better than the planning economy.

Keywords: Neoclassical growth; Non-constant discounting; Time-consistency (search for similar items in EconPapers)
JEL-codes: E2 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:125:y:2014:i:2:p:175-178

DOI: 10.1016/j.econlet.2014.08.029

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