Sensitivity of optimal programs with respect to changes in target stocks: The case of irreversible investment

DOI10.1016/0022-0531(83)90128-XzbMath0497.90013OpenAlexW1978682952MaRDI QIDQ1170991

Tapan Mitra

Publication date: 1983

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

Full work available at URL: https://doi.org/10.1016/0022-0531(83)90128-x

zbMATH Keywords

economic growthirreversible investmentchanging tasteschanging technologyfinite-horizon optimal programssensitivity of optimal programs

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Dynamic programming (90C39) Economic growth models (91B62)

Related Items (9)

Sensitivity analysis of optimal growth plans with exogenous capital stocks ⋮ Stochastic growth with irreversible investment ⋮ Dynamic optimization models in finance: some extensions to the framework, models, and computation ⋮ On the Mitra-Wan forestry model: a unified analysis ⋮ Finite horizon optimization. Sensitivity and continuity in multi-sectoral models ⋮ Dynamic optimization in non-convex models with irreversible investment: Monotonicity and turnpike results ⋮ Does optimal growth preclude chaos? A theorem on monotonicity ⋮ Dynamic optimization on a non-convex feasible set: Some general results for non-smooth technologies ⋮ Chaotic dynamics in quasi-static systems: Theory and applications

Cites Work

• Unnamed Item
• Sensitivity of optimal growth paths
• Optimal Savings with Finite Planning Horizon
• Agreeable Plans With Many Capital Goods
• Turnpike Theory

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