Mathematics for Economists

Production saving model

βt^1 U^0 (ct 1 ) = βtU^0 (ct)f^0 (kt)

U^0 (ct 1 ) = βU^0 (ct)f^0 (kt)

U^0 (f(kt 1 )kt) = βU^0 (f(kt)kt+ 1 )f^0 (kt)