TY  - RPRT
U1  - Arbeitspapier
A1  - Casajus, André
T1  - Solow meets Shapley
N2  - We present a Solow-type growth model without constant returns. The population is heterogeneous with respect to capital per head, rate of saving, depreciation, and growth. We employ a continuous version of the Shapley value to divide total output among the different groups. In contrast to the standard Solow model, or its endogenous growth manifestation (labelled AK-type growth models), there may be multiple steady states.
Y1  - 2014
N1  - HHL Working Paper 133. Leipzig: HHL Leipzig Graduate School of Management, 2014
ER  -