On dynamics with time-to-build investment technology and non-time-separable leisure☆
作者： Yannis M. Ioannides , Bart Taub
DOI: 10.1016/0165-1889(92)90032-A
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摘要: We display a continuous-time version of the Kydland-Prescott time-to-build model and analyze its dynamic behavior, applying techniques independent interest. work out local dynamics double Cobb-Douglas example. All key features model, in particular non-time-separable leisure, are represented by means simple parameters whose impact on is examined analytically.
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