@techreport{oai:shiga-u.repo.nii.ac.jp:00009865, author = {Kondo, Atsumasa}, issue = {No. B-10}, month = {Sep}, note = {Technical Report, This paper examines the dynamic behavior of real assets within a dynamic equilibrium model with heterogeneous agents. The heterogeneity is charac terized by productivity growth rates and discount factors of consumers for future utilities. A steady state to which an equilibrium path converges is highlighted. When productivity growth rates of impatient agents are low, patient consumers accumulate more and more assets. However, if the impatient agents strive to increase their productivity growth rates, the dynamic properties of assets change, and the patient consumers continue to accumulate their assets until a certain time point, after which they begin to exhaust their assets., CRR Discussion Paper, Series B, No. B-10, pp. 1-19}, title = {Productivity and Asset Distribution in a Dynamic Economy with Heterogeneous Agents}, year = {2013} }