My model here is riffing on Jones (2016); you might look there for solving the model.
Re infinite utility, Jones does say (fn 6): “As usual, ρ must be sufficiently large given growth so that utility is finite.”
My model here is riffing on Jones (2016); you might look there for solving the model.
Re infinite utility, Jones does say (fn 6): “As usual, ρ must be sufficiently large given growth so that utility is finite.”