Optimal growth and Pareto optimality

DOI10.1016/0304-4068(91)90007-GzbMath0729.90019OpenAlexW1981794522MaRDI QIDQ806652

Rose-Anne Dana, Cuong Le Van

Publication date: 1991

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0304-4068(91)90007-g

zbMATH Keywords

Bellman equationoptimal growthEuler's equationsPareto optimum solutionrecursive utilitiesstationary intertemporal economy

Mathematics Subject Classification ID

Multisectoral models in economics (91B66) Economic growth models (91B62) General equilibrium theory (91B50)

Related Items (8)

Optimal growth models and the Lagrange multiplier ⋮ Recursive utility and optimal growth with bounded or unbounded returns ⋮ Fifty years of mathematical growth theory: classical topics and new trends ⋮ An abstract topological approach to dynamic programming ⋮ Optimal growth models with bounded or unbounded returns: A unifying approach ⋮ Competitive equilibrium cycles with endogenous labor ⋮ Efficient intertemporal allocations with recursive utility. ⋮ Equilibria of a stationary economy with recursive preferences

Cites Work

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• Optimal growth with many consumers
• Competitive equilibrium cycles
• Competitive chaos
• On the indeterminacy of capital accumulation paths
• On optimal steady states of n-sector growth models when utility is discounted
• Structure of Pareto optima in an infinite-horizon economy where agents have recursive preferences
• A simple dynamic general equilibrium model
• On the Differentiability of the Value Function in Dynamic Models of Economics
• The Global Stability of Efficient Intertemporal Allocations
• Stationary Utility and Time Perspective
• Stationary Ordinal Utility and Impatience
• Sufficient Conditions for the Optimal Control of Nonlinear Systems
• Maximizing Stationary Utility in a Constant Technology

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