ON DYNAMICS WITH TIME-TO-BUILD INVESTMENT TECHNOLOGY AND NON-TIME-SEPARABLE LEISURE

被引：14
|
作者：
IOANNIDES, YM
TAUB, B
机构：
[1] NATL BUR ECON RES,CAMBRIDGE,MA 02138
[2] UNIV ILLINOIS,CHAMPAIGN,IL 61820
来源：
JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 1992年 / 16卷 / 02期
基金：
美国国家科学基金会;
关键词：
D O I：
10.1016/0165-1889(92)90032-A
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We display a continuous-time version of the Kydland-Prescott time-to-build model and analyze its dynamic behavior, applying techniques of independent interest. We work out the local dynamics of a double Cobb-Douglas example. All key features of the model, and in particular time-to-build and non-time-separable leisure, are represented by means of simple parameters whose impact on the dynamics is examined analytically.
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页码：225 / 241
页数：17
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