Some results about RCK model with endogenous fertility

被引:0
作者
Cai, DH [1 ]
机构
[1] Wuhan Univ, Dept Math, Wuhan 430072, Peoples R China
关键词
RCK model; endogenous fertility; dynamical system; equilibrium;
D O I
10.1016/S0252-9602(17)30632-X
中图分类号
O1 [数学];
学科分类号
0701 ; 070101 ;
摘要
In this paper, incorporating the fertility in the utility function and the production function, all improved Ramsey-Cass-Koopmans(RCK) model with endogenous fertility is obtained. In this model, the fertility can be expressed as a function of per capita capital and per capital consumption. It has been proved that at least one equilibrium point exists and the equilibrium point is unique under a condition. The author discusses the possibility of existing multiple equilibria, their geometrical relationship and explains the economic sense of the main results.
引用
收藏
页码:220 / 225
页数:6
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