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- W85802803 abstract "We take a differential game approach to model the Ramsey growth model from the standpoint of the representative firm. We identify parametric conditions such that the economy cannot reach the Ramsey golden rule, due to the presence of a stable demand-driven equilibrium. This may happen under Cournot and Bertrand behaviour, as well as social planning. We show that a wave of horizontal mergers can indeed drive the economy towards the Ramsey golden rule." @default.
- W85802803 created "2016-06-24" @default.
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- W85802803 date "2007-01-01" @default.
- W85802803 modified "2023-10-18" @default.
- W85802803 title "Capital Accumulation, Mergers, and the Ramsey Golden Rule" @default.
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- W85802803 doi "https://doi.org/10.1007/978-0-8176-4553-3_24" @default.
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