Titlebook: Contributions to the Von Neumann Growth Model; Proceedings of a Con Gerhart Bruckmann (Professor at the University of Conference proceedin

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Further Consideration of “An Open Expanding Economy Model”these issues were left open in that paper and others have been inspired by comments of readers..First we reformulate the model without assumption (A 5) and produce a theorem that gives sufficient conditions that characterize when the solution will result in an open or closed economy model. The secon

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Economic Efficiency in an Infinite Horizon Modelpath, though no precise relationship can be established between these two features because of some odd boundary cases. This paper gives a direct economic interpretation of the terminal value of capital in terms of a diagram. In this way it is hoped that some insight into these problems is provided.

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Reservation

Von Neumann Model Solutions Are Generalized Eigensystemsoblem, perhaps in several different ways. Previously discovered interconnections are shown to be special instances of the general result. Analogues of the Shapley-Snow-Kaplansky formulas for basic optimal solutions to the von Neumann model are derived. The results have mathematical and economic impl