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Identification and testable implications of the Ramsey–Cass–Koopmans model

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  • Hosoya, Yuhki

Abstract

This paper aims to provide a method for calculating the utility function and discount rate of the discrete-time Ramsey–Cass–Koopmans model from the policy and production functions. In contrast to similar works, our method ensures the uniqueness of the utility function up to positive affine transformations. Further, we provide a similar result in a stochastic model.

Suggested Citation

  • Hosoya, Yuhki, 2014. "Identification and testable implications of the Ramsey–Cass–Koopmans model," Journal of Mathematical Economics, Elsevier, vol. 50(C), pages 63-68.
    • Handle: RePEc:eee:mateco:v:50:y:2014:i:c:p:63-68
    DOI: 10.1016/j.jmateco.2013.12.001
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    References listed on IDEAS

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