The Collected Scientific Work of David Cass
The three volumes of the "Collected Scientific Works of David Cass" are ordered chronologically, which happens to coincide with the development of the three major advances in Cass' research agenda, the development of the neoclassical growth model, the discovery of sunspot equilibria, and the analysis of models of market incompleteness. This volume consists of Cass' early work from his time in graduate school at Stanford University, studying under Hirofumi Uzawa, and as an assistant professor at Yale's Cowles Commission, and his tenure at Carnegie Mellon University's Graduate School of Industrial Administration. The work in this volume focuses primarily on Cass' contributions to what is now known as the Ramsey-Cass-Kooopmans neoclassical growth model, and the development of what is now known as the Cass criterion for determining whether intertemporal allocations are efficient. This period also includes Cass' early work on overlapping generation's models, asset pricing models, and methodological contributions in dynamic systems applications in economics.
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The Collected Scientific Work of David Cass
The three volumes of the "Collected Scientific Works of David Cass" are ordered chronologically, which happens to coincide with the development of the three major advances in Cass' research agenda, the development of the neoclassical growth model, the discovery of sunspot equilibria, and the analysis of models of market incompleteness. This volume consists of Cass' early work from his time in graduate school at Stanford University, studying under Hirofumi Uzawa, and as an assistant professor at Yale's Cowles Commission, and his tenure at Carnegie Mellon University's Graduate School of Industrial Administration. The work in this volume focuses primarily on Cass' contributions to what is now known as the Ramsey-Cass-Kooopmans neoclassical growth model, and the development of what is now known as the Cass criterion for determining whether intertemporal allocations are efficient. This period also includes Cass' early work on overlapping generation's models, asset pricing models, and methodological contributions in dynamic systems applications in economics.
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The Collected Scientific Work of David Cass

The Collected Scientific Work of David Cass

The Collected Scientific Work of David Cass

The Collected Scientific Work of David Cass

Overview

The three volumes of the "Collected Scientific Works of David Cass" are ordered chronologically, which happens to coincide with the development of the three major advances in Cass' research agenda, the development of the neoclassical growth model, the discovery of sunspot equilibria, and the analysis of models of market incompleteness. This volume consists of Cass' early work from his time in graduate school at Stanford University, studying under Hirofumi Uzawa, and as an assistant professor at Yale's Cowles Commission, and his tenure at Carnegie Mellon University's Graduate School of Industrial Administration. The work in this volume focuses primarily on Cass' contributions to what is now known as the Ramsey-Cass-Kooopmans neoclassical growth model, and the development of what is now known as the Cass criterion for determining whether intertemporal allocations are efficient. This period also includes Cass' early work on overlapping generation's models, asset pricing models, and methodological contributions in dynamic systems applications in economics.

Product Details

ISBN-13: 9780857246417
Publisher: Emerald Group Publishing Limited
Publication date: 01/26/2011
Series: International Symposia in Economic Theory and Econometrics , #21
Pages: 377
Product dimensions: 6.10(w) x 9.10(h) x 1.40(d)

Table of Contents

List of Contributors vii

The Collected Scientific Work of David Cass ix

1 Optimum Growth in an Aggregative Model of Capital Accumulation David Cass 1

2 A Re-Examination of the Pure Consumption Loans Model David Cass Menahem E. Yaari 13

3 Optimum Growth in an Aggregative Model of Capital Accumulation: A Turnpike Theorem David Cass 35

4 Individual Saving, Aggregate Capital Accumulation, and Efficient Growth David Cass Menahem E. Yaari 55

5 The Implications of Alternative Saving and Expectations Hypotheses for Choices of Technique and Patterns of Growth David Cass Joseph E. Stiglitz 93

6 The Structure of Investor Preferences and Asset Returns, and Separability in Portfolio Allocation: A Contribution to the Pure Theory of Mutual Funds David Cass Joseph E. Stiglitz 137

7 Present Values Playing the Role of Efficiency Prices in the One-Good Growth Model David Cass Menahem E. Yaari 111

8 On Capital Overaccumulation in the Aggregative, Neoclassical Model of Economic Growth: A Complete Characterization David Cass 191

9 Distinguishing Inefficient Competitive Growth Paths: A Note on Capital Overaccumulation and Rapidly Diminishing Future Value of Consumption in a Fairly General Model of Capitalistic Production David Cass 215

10 Risk Aversion and Wealth Effects on Portfolios with Many Assets David Cass Joseph E. Stiglitz 233

11 On the Wicksellian Point-Input, Point-Output Model of Capital Accumulation: A Modern View (or, Neoclassicism Slightly Vindicated) David Cass 267

12 Duality: A Symmetric Approach from the Economist's Vantage Point David Cass 295

13 The Hamiltonian Representation of Static Competitive or Efficient Allocation David Cass 321

14 The Structure and Stability of Competitive Dynamical Systems David Cass Karl Shell 339

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