The Dynamic Properties of a Nonlinear Economic Model with Extreme Financial Frictions
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DOI: 10.1155/2018/9682167
Abstract: A generalized economic model with two kinds of agents (farmers and landlords) is investigated. Farmers produce grains by renting lands from landlords. The land which is not rented is cultivated by less productive landlords. The… read more here.
Keywords: economic model; rental rate; dynamic properties; model ... See more keywords