IJPAM: Volume 67, No. 2 (2011)
TECHNOLOGICAL DIFFUSION AND BENTHAMITE
UTILITY IN THE RAMSEY MODEL:
AN ANALYTICAL EXPLORATION
UTILITY IN THE RAMSEY MODEL:
AN ANALYTICAL EXPLORATION
Massimiliano Ferrara
Department SSGES
Mediterranean University of Reggio Calabria
2, Via dei Bianchi, Reggio Calabria, 89127, ITALY
e-mail: massimiliano.ferrara@unirc.it
Department SSGES
Mediterranean University of Reggio Calabria
2, Via dei Bianchi, Reggio Calabria, 89127, ITALY
e-mail: massimiliano.ferrara@unirc.it
Abstract.We investigate the dynamic effects of assuming a Benthamite utility function into the modified Ramsey model with technological diffusion introduced by Ferrara and Guerrini ![$[7]$](img1.png){kind=small}
. In addition, we derive a closed form solution for the model when capital's share is equal to the reciprocal of the intertemporal elasticity of substitution.
Received: January 5, 2011
AMS Subject Classification: 91B62
Key Words and Phrases: technological diffusion, Benthamite, logistic population
Source: International Journal of Pure and Applied Mathematics
ISSN: 1311-8080
Year: 2011
Volume: 67
Issue: 2
