Capital Theory Equilibrum Analysis and Recursive Utility

In Capital Theory and Equilibrium Analysis and Recursive Utility, Robert Becker and John Boyd have synthesized their previously unpublished work on recursive models. The use of recursive utility emphasizes time-consistent decision making. This permits a unified and systematic account of economic dynamics based on neoclassical growth theory. The book provides extensive coverage of optimal growth (including endogenous growth), dynamic competitive equilibria, nonlinear dynamics, and monotone comparative dynamics. It is addressed to all researchers in economic growth, and will be useful to professional economists and graduate students alike.

Summary

This work is a synthesis of the authors' work on recursive models. The use of recursive utility emphasizes time-consistent decision-making. It is addressed to all researchers in economic growth, and should be useful to professional economists and graduate students alike.

Product details

• Authors: Robert Becker, John Boyd, John (Univeristy of Rochester) Boyd
• Publisher: John Wiley and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 26.04.1997
• EAN: 9781557864130
• ISBN: 978-1-55786-413-0
• No. of pages: 368
• Dimensions: 160 mm x 237 mm x 33 mm
• Weight: 709 g
• Subject: Social sciences, law, business > Business > Economics