Consider an economy of two-period-lived people in overlapping generations. Each person produces from labor y goods when young and nothing when old. The number of people born doubles every period. There is the following capital technology: if "Kt" goods per young person are turned into capital at "t", the capital produces F(Kt) goods at "t+1". The diminishing marginal product of capital is F'(Kt). After production takes place, "d" units of capital are lost to depreciation. However, the remaining units of capital can be consumed. (1) Find an equation that represents the set of feasible stationary allocations and explain it in words 我写的答案是 Nt*C1t + Nt-1*C2t + Nt*Kt < Nt*y + Nt-1*F(Kt-1)- F(d) = (大N是指总人口数 t下标指的都是期数) 不过老师说不对....然後又没给答案 我在猜是不是後面的折旧项错了 (2) Find the equation that describe the golden rule capital stock for this economy. You may use either calculus or marginal cost and margianl benefit analysis. 恩..第二题写不出来 希望有善心人士可以指点一下 感谢 --

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