Productivity and Asset Distribution in a Dynamic Economy with Heterogeneous Agents

Material type: 文書・図像類

Author: Kondo, Atsumasa

Publisher: Center for Risk Research (CRR), Shiga University

Publication date: 2013-09

Material Format: Digital

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Note (General)：: type:Technical ReportThis paper examines the dynamic behavior of real assets within a dynamic equilibrium model with heterogeneous agents. The heterog...

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Material Type: 文書・図像類
Title: Productivity and Asset Distribution in a Dynamic Economy with Heterogeneous Agents
Author/Editor: Kondo, Atsumasa
Author Heading: Kondo, Atsumasa
Publication, Distribution, etc.: Center for Risk Research (CRR), Shiga University
Publication Date: 2013-09
Publication Date (W3CDTF): 2013-09
Periodical title: CRR Discussion Paper, Series A
No. or year of volume/issue: No. B-10
Volume: No. B-10
Pages: 1-19
Text Language Code: eng
Subject Heading: inequality
asset dynamics
heterogeneous agents
productivity growth rate
Target Audience: 一般
Note (General): type:Technical Report
This paper examines the dynamic behavior of real assets within a dynamic equilibrium model with heterogeneous agents. The heterogeneity is characterized by productivity growth rates and discount factors of consumers for future utilities. A steady state to which an equilibrium path converges is highlighted. When productivity growth rates of impatient agents are low, patient consumers accumulate more and more assets. However, if the impatient agents strive to increase their productivity growth rates, the dynamic properties of assets change, and the patient consumers continue to accumulate their assets until a certain time point, after which they begin to exhaust their assets.
identifier:CRR Discussion Paper, Series B, No. B-10, pp. 1-19
Access Restrictions: 限定公開
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 滋賀大学 : 滋賀大学学術情報リポジトリ