Exercise 9.4. In the baseline overlapping generations model, verify that savings s (w, R), given by (9.6),
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Exercise 9.4. In the baseline overlapping generations model, verify that savings s (w, R), given by (9.6), are increasing in the first argument, w. Provide conditions on the utility function u (ยท) such that they are also increasing in the second argument, the interest rate R.
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