Diamond Model

Population

Technology

Real Interest Rate

Wage per unit of effective worker

Individual Utility Function

Income (Budget Constraint)

Consumption in Period 1

Savings Rate

Dynamics of Capital

Dynamics of Capital per unit of effective labor

Dynamics of Capital per unit of effective labor with a Logarithmic Utility Function and Cobb-Douglas Production Function

Dynamic Inefficiency

Steady-State Value of Capital per unit of effective worker (Log U and CD PF)

f'(k*) (Log U and CD PF)

Golden Rule (Log U and CD PF)

Comparing f'(k*) with f'(k_GR) (Log U and CD PF)

Introducing Government Into Dynamics of Capital per unit of effective labor (Log U and CD PF)