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Journal Articles Mathematical Economics Letters Year : 2013

On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply

Abstract

We prove that the introduction of endogenous indivisible labor supply into the vintage capital growth model does not rule out the turnpike and optimal permanent regime properties, notably the non-monotonicity properties of optimal paths, inherent in this model.

Dates and versions

hal-01498250 , version 1 (29-03-2017)

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Raouf Boucekkine, Natali Hritonenko, Yuri Yatsenko. On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply. Mathematical Economics Letters, 2013, 1 (1), pp.3--7. ⟨10.1515/mel-2013-0001⟩. ⟨hal-01498250⟩
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