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17 avril 2015
Philippe De Donder et John E. Roemer
n° 15-568, 16 avril 2015
We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake – this is not a life-cycle model. A competitive firm produces a...
Augustin Landier et David Thesmar
16 avril 2015
Claude Crampes et Thomas-Olivier Léautier
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Jacques Delpla
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