MARC details
| 000 -LEADER |
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| fixed length control field |
02387nam a22002417a 4500 |
| 003 - CONTROL NUMBER IDENTIFIER |
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| control field |
ZW-GwMSU |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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| control field |
20240402133122.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
240402b |||||||| |||| 00| 0 eng d |
| 022 ## - INTERNATIONAL STANDARD SERIAL NUMBER |
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| International Standard Serial Number |
09382259 |
| 040 ## - CATALOGING SOURCE |
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| Original cataloging agency |
MSU |
| Language of cataloging |
English |
| Transcribing agency |
MSU |
| Description conventions |
rda |
| 050 00 - LIBRARY OF CONGRESS CALL NUMBER |
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| Classification number |
HB119 ECO |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Drugeon, Jean-Pierre |
| Relator term |
author |
| 245 10 - TITLE STATEMENT |
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| Title |
On the emergence of competitive equilibrium growth cycles |
| Statement of responsibility, etc. |
created by Jean-Pierre Drugeon |
| 264 1# - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE |
|---|
| Place of production, publication, distribution, manufacture |
Berlin: |
| Name of producer, publisher, distributor, manufacturer |
Springer, |
| Date of production, publication, distribution, manufacture, or copyright notice |
2013. |
| 336 ## - CONTENT TYPE |
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| Source |
rdacontent |
| Content type term |
text |
| Content type code |
txt |
| 337 ## - MEDIA TYPE |
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| Source |
rdamedia |
| Media type term |
unmediated |
| Media type code |
n |
| 338 ## - CARRIER TYPE |
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| Source |
rdacarrier |
| Carrier type term |
volume |
| Carrier type code |
nc |
| 440 ## - SERIES STATEMENT/ADDED ENTRY--TITLE |
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| Title |
Economic theory |
| Volume/sequential designation |
Volume 54, number 1 |
| 520 3# - SUMMARY, ETC. |
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| Summary, etc. |
A basic discrete-time heterogeneous capital goods competitive environment is considered, its potential for displaying steady growth solutions analyzed and the properties of the latter characterized. A first composite good may be used for consumption or investment on a one-to-one basis, while a second good is only used for accumulation, solely capital inputs being part of the production process. This framework is first considered from the allocative standpoint through the derivation of the frontier of the production possibility set. Having defined the perfect foresight competitive equilibrium that also describes a Pareto optimum over time, attention is then given to the potential for unbounded steady growth solutions. Under interiority, summability, and expansivity restrictions, there is a unique optimal steady growth rate. For unitary depreciation rates of both capital goods, locally there exists a unique convergent sequence to this steady growth solution that exhibits a saddlepoint structure. However, as soon as one of the depreciation rates of the capital goods is non-unitary and the profit share accruing to the first capital stock is greater in the second pure accumulation industry than in the first composite good industry, the steady growth solution shows a loss of stability, and competitive equilibrium growth cycles emerge through the occurrence of a flip bifurcation in its neighborhood. This is the first optimal cycles result based upon a production set that does not explicitly incorporate any exogenously determined primary labor input in its definition. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name entry element |
Optimal cycles |
| Form subdivision |
Unbounded steady growth |
| General subdivision |
Production possibility frontier |
| 856 ## - ELECTRONIC LOCATION AND ACCESS |
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| Uniform Resource Identifier |
https://doi.org/10.1007/s00199-011-0631-9 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Source of classification or shelving scheme |
Library of Congress Classification |
| Koha item type |
Journal Article |