A DNS-curve in a two-state capital accumulation model: a numerical analysis
A capital accumulation model in an optimal control theoretic framework is studied where the capital stock and the investment rate are modelled as state variables and the change in investment rate as control. A curve in the state pane is computed numerically and identified as the DNS-curve.
Publication Name: Journal of Economic Dynamics & Control
Anticipation effects of technological progress on capital
Analysis of model for classification of capital goods, for learning about effects of embodied technological progress on management of vintage capital by firms for maximization of profits, is presented.
Publication Name: Journal of Economic Theory
Keeping up with the technology pace: A DNS-curve and a limit cycle in a technology investment decision problem
The investment decision problems arising in a firm when it tries to keep it self pace up with new technological developments, are analyzed by designing a two state optimal control model.
Publication Name: Journal of Economic Behavior & Organization
- Abstracts: An experimental examination of the Walrasian tatonnement mechanism. Allocating priority with auctions: an experimental analysis
- Abstracts: Beleifs equilibra in an overlapping generations model. Tom Sawyer and the construction of value. Mispredicting the endowment effect: underestimation of owners' selling prices by buyer's agents
- Abstracts: Monetary policy under imperfect capital markets in a small open economy. Inflation illusion and stock prices
- Abstracts: Russia's labor market in the system of social and labor relations. The Russian system of unemployment protection in the context of international experience
- Abstracts: Learning to predict rationally when beliefs are heterogeneous. Path-dependence in a Ramsey model with resource amenities and limited regeneration