The Allocation of Investment in a Dynamic Economy

Karl Shell () and Joseph Stiglitz

The Quarterly Journal of Economics, 1967, vol. 81, issue 4, 592-609

Abstract: I. Introduction and summary, 592. — II. The one-sector two-capital model, 593. — III. Dynamic analysis, 597. — IV. Market structure, 603.— V. Rationality and irrationality, 607. — VI. Concluding comments, 609.

Date: 1967
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