We present a two-class economy where capitalists and workers live two periods. Workers may change their saving behaviour depending on their level of wealth. We study both the existence conditions for the fixed points and local and global dynamics properties of the model.
The dynamics of a two‐ class growth model with optimal saving and switch in behavior / Commendatore, P. - (2019). (Intervento presentato al convegno New developments in economic dynamics tenutosi a Università degli Studi di Urbino, DESP, Urbino nel 5 Novembre 2019).
The dynamics of a two‐ class growth model with optimal saving and switch in behavior
Commendatore p
2019
Abstract
We present a two-class economy where capitalists and workers live two periods. Workers may change their saving behaviour depending on their level of wealth. We study both the existence conditions for the fixed points and local and global dynamics properties of the model.File in questo prodotto:
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