Multiple Interior Steady States in the Ramsey Model with Elastic Labor Supply

Takashi Kamihigashi

No 2014-158, Working Papers from Department of Research, Ipag Business School

Abstract: In this paper we show that multiple interior steady states are pos- sible in the Ramsey model with elastic labor supply. In particular we establish the following three results: (i) for any discount factor and production function, there is a utility functi

Pages: 17 pages
Date: 2014-01-01
New Economics Papers: this item is included in nep-dge and nep-upt
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Related works:
Journal Article: Multiple interior steady states in the Ramsey model with elastic labor supply (2015)
Working Paper: Multiple Interior Steady States in the Ramsey Model with Elastic Labor Supply (2014)
Working Paper: Multiple Interior Steady States in the Ramsey Model with Elastic Labor Supply (2014)
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