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| Sergio Salas |
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| ''A closed-form competitive equilibrium for the deterministic neoclassical growth model'' |
| ( 2026, Vol. 0 No.0 ) |
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| I revisit the deterministic neoclassical growth model and derive a closed-form competitive equilibrium under two standard assumptions: log utility and full capital depreciation. Working directly with the decentralized economy, I provide explicit expressions for allocations, prices, and the household's policy rule. The exposition identifies the role of each assumption in delivering the closed form and shows what fails when either is relaxed |
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| Keywords: Dynamic Programming, Neoclassical Growth Model, Closed-Form Solutions |
JEL: E1 - General Aggregative Models: General
E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data) |
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| Manuscript Received : Jun 30 2026 | | Manuscript Accepted : Oct 10 2026 |
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