TY  - RPRT
U1  - Arbeitspapier
A1  - Casajus, André
A1  - Steger, Thomas
A1  - Wiese, Harald
T1  - Solow meets Shapley
T2  - HHL Working paper
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.
T3  - HHL-Arbeitspapier / HHL Working paper - 133 
KW  - Solow model
KW  - Growth theory
KW  - Shapley value
KW  - Constant returns to scale
KW  - Increasing returns to scale
KW  - Multiple steady states
Y1  - 2014
SP  - 9
S1  - 9
PB  - HHL Leipzig Graduate School of Management
CY  - Leipzig
ER  -