Commentaire :

Sommaire :
Introduction

Part 1. Aggregate Growth and Individual Savings
1. Production and Distribution of Income in a Market Economy
1.1 Accounting
1.2 The Neoclassical Theory of Distribution
2. Exogenous Savings Propensities
2.1 A Linear Consumption Function
2.2 References and Further Issues
3. Optimal Savings
3.1 The Optimal Consumption Path
3.2 The Dynamics of Accumulation and Distribution
3.3 Welfare Distribution in Complete Markets
3.4 References and Further Issues
3.5 Appendix : HARA Preferences
3.6 Review Exercises
4. Factor Income Distribution
4.1 Factor Shares and Savings in Early Growth Models
4.2 Factor Shares in the Neoclassical Growth Model
4.3 Optimal Savings and Sustained Growth
4.4 Policy and Political Economy
4.5 References and Further Issues
4.6 Appendix : Factor Shares in a Two-Sector Growth Model
5. Savings and Distribution with Finite Horizons
5.1 Distribution and Growth in the Two-Period OLG Model
5.2 Inequality in a Perpetual Youth Model
5.3 One-Period Lifetimes and Bequests
5.4 References and Further Issues
5.5 Appendix : Consumption in the Perpetual Youth Model
6. Factor Shares and Taxation in the OLG Model
6.1 Factor Shares in the Two-Period Model
6.2 Factor Shares and Growth in the Perpetual Youth Model
6.3 References and Further Issues

Part 2. Financial Market Imperfections
7. Investment Opportunities and the Allocation of Savings
7.1 Decreasing Returns to Individual Investment
7.2 Increasing Returns and Indivisibilities
7.3 Endogenous Factor Prices and "Trickle-Down "Growth
7.4 References and Further Issues
7.5 Review Exercises
8. Risk and Financial Markets
8.1 Optimization under Uncertainty
8.2 Rate-of-Return Risk
8.3 Portfolio Choice and Risk Pooling
8.4 References and Further Issues
8.5 Review Exercise
9. Uninsurable Income Shocks
9.1 A Two-Period Characterization
9.2 General Equilibrium : The CARA Case
9.3 General Equilibrium : The CRRA Case
9.4 Application : Uninsurable Risk in the Labor Markets
9.5 References and Further Issues

Part 3. Many Goods
10. Distribution and Market Power
10.1 Growth through Expanding Product Variety
10.2 Variable Elasticities of Substitution
10.3 Factor Shares,Taxation,and Political Economy
10.4 References and Further Issues
11. Indivisible Goods and the Composition of Demand
11.1 Income Distribution and Product Diversity
11.2 The Introduction of New Products
11.3 Inequality and Vertical Product Differentiation
11.4 References and Further Issues
12. Hierarchic Preferences
12.1 A Basic Framework
12.2 Growth, Distribution, and Structural Change
12.3 References and Further Issues
13. Dynamic Interactions of Demand and Supply
13.1 Learning by Doing and Trickle-Down
13.2 Demand Composition and Factor Rewards
13.3 References and Further Issues

Solutions to Exercises

Langue : Anglais

Localisation : Bibliothèque Campus de Nice

Support : Papier

Etat : Présent

Propriétaire : Bibliothèque