On the existence of a stationary optimal stock for a multi-sector economy: A primal approach (Q1819688): Difference between revisions
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scientific article
| Language | Label | Description | Also known as |
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| English | On the existence of a stationary optimal stock for a multi-sector economy: A primal approach |
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On the existence of a stationary optimal stock for a multi-sector economy: A primal approach (English)
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1986
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Using a purely primal approach, we show the existence of a non-trivial stationary optimal stock for a multi-sector economy. Our result generalizes earlier work by dropping the \(\delta\)-productivity assumption and by replacing the continuity hypothesis on the utility function by upper semicontinuity.
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optimal intertemporal allocation
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existence of a non-trivial stationary optimal stock
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multi-sector economy
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\(\delta \)-productivity
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upper semicontinuity
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