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Showing 1 to 1 of 1 for “"Funktional-Differentialgleichungen"”.
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Business Cycle Models with Embodied Technological Change and Poisson Shocks
The first part analyzes an Endogenous Business Cycle model with embodied technological change. Households take an optimal decision about their spending for consumption and financing of R&D. The probability of a technology invention occurring is an increasing function of aggregate R&D …