IJPAM: Volume 67, No. 2 (2011)

TECHNOLOGICAL DIFFUSION AND BENTHAMITE
UTILITY IN THE RAMSEY MODEL:
AN ANALYTICAL EXPLORATION

Massimiliano Ferrara
Department SSGES
Mediterranean University of Reggio Calabria
2, Via dei Bianchi, Reggio Calabria, 89127, ITALY
e-mail: [email protected]


Abstract.We investigate the dynamic effects of assuming a Benthamite utility function into the modified Ramsey model with technological diffusion introduced by Ferrara and Guerrini $[7]$. In addition, we derive a closed form solution for the model when capital's share is equal to the reciprocal of the intertemporal elasticity of substitution.

Received: January 5, 2011

AMS Subject Classification: 91B62

Key Words and Phrases: technological diffusion, Benthamite, logistic population

Source: International Journal of Pure and Applied Mathematics
ISSN: 1311-8080
Year: 2011
Volume: 67
Issue: 2