Stochastic growth with irreversible investment

DOI10.1016/0022-0531(89)90105-1zbMath0694.90036OpenAlexW2004401605MaRDI QIDQ909567

Lars J. Olson

Publication date: 1989

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(89)90105-1

zbMATH Keywords

financial economicsrandom shocksintertemporal resource allocationneoclassical typeoptimal input policystationary optimal policyStochastic Kuhn-Tucker conditionsunique limit distribution

Mathematics Subject Classification ID

Decision theory (91B06) Economic growth models (91B62)

Related Items (9)

Note on positive lower bound of capital in the stochastic growth model ⋮ Propensity to consume and the optimality of Ramsey-Euler policies ⋮ Optimality of Ramsey-Euler policy in the stochastic growth model ⋮ Stochastic growth, conservation of capital and convergence to a positive steady state ⋮ Stochastic dynamic models with stock-dependent rewards ⋮ Irreversibility and the behavior of aggregate stochastic growth models ⋮ Necessity of the transversality condition for stochastic models with bounded or CRRA utility ⋮ Irreversibility and the economics of forest conservation ⋮ Chaotic dynamics in quasi-static systems: Theory and applications

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