Dynamic complexity of optimal paths and discount factors for strongly concave problems

DOI10.1007/BF02207771zbMath0798.49017OpenAlexW1994665022MaRDI QIDQ1321474

Luigi Montrucchio

Publication date: 27 April 1994

Published in: Journal of Optimization Theory and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf02207771

zbMATH Keywords

topological entropydiscount factorstrong concavitydynamical complexity of optimal pathsfinite-horizon discrete-time concave problems

Mathematics Subject Classification ID

Nonsmooth analysis (49J52)

Related Items (15)

Ergodic chaos in optimal growth models with low discount rates ⋮ On the sensitivity of optimal growth paths ⋮ A new turnpike theorem for discounted programs ⋮ Endogenous cycles with small discounting in multisector optimal growth models: Continuous-time case ⋮ Strong concavity properties of indirect utility functions in multisector optimal growth models ⋮ Competitive equilibrium cycles for small discounting in discrete-time two-sector optimal growth models ⋮ Three dimensional fractal attractors in a green transition economic growth model ⋮ A turnpike theorem for continuous-time optimal-control models ⋮ Competitive equilibrium cycles with endogenous labor ⋮ Incomplete markets and volatility ⋮ Optimal Cycles and Chaos: A Survey ⋮ Topological entropy of policy functions in concave dynamic optimization models ⋮ Some notes on discount factor restrictions for dynamic optimization problems ⋮ Neighborhood turnpike theorem for continuous-time optimization models ⋮ A uniform neighborhood turnpike theorem and applications

Cites Work

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• On the minimum rate of impatience for complicated optimal growth paths
• Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate
• On optimal steady states of n-sector growth models when utility is discounted
• Strong and Weak Convexity of Sets and Functions
• Smoothness of the Policy Function in Discrete Time Economic Models

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