Dynamic optimization with a nonsmooth, nonconvex technology: the case of a linear objective function

DOI10.1007/s00199-005-0029-7zbMath1108.91056OpenAlexW2160131753MaRDI QIDQ2509141

Takashi Kamihigashi, Santanu Roy

Publication date: 18 October 2006

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

Full work available at URL: https://www.rieb.kobe-u.ac.jp/academic/ra/dp/English/dp161.pdf

zbMATH Keywords

survivalextinctionturnpikenonconvexlinear utilitynonsmoothdiscontinuous technology

Mathematics Subject Classification ID

Related Items (16)

DISCRETE CHOICE AND COMPLEX DYNAMICS IN DETERMINISTIC OPTIMIZATION PROBLEMS ⋮ Non-convex aggregate technology and optimal economic growth ⋮ A nonsmooth, nonconvex model of optimal growth ⋮ Turnpike theorems for Markov games ⋮ On optimal extinction in the matchbox two-sector model ⋮ Local and global dynamics in a discrete time growth model with nonconcave production function ⋮ The random two-sector RSS model: on discounted optimal growth without Ramsey-Euler conditions ⋮ A multidimensional, nonconvex model of optimal growth ⋮ A simple characterisation for sustained growth ⋮ Spatial dynamics for a generalized Solow growth model ⋮ Complex attractors and basins in a growth model with nonconcave production function and logistic population growth rate ⋮ The dynamics of a spatial economic model with bounded population growth ⋮ Generalized envelope theorems: applications to dynamic programming ⋮ Elementary results on solutions to the Bellman equation of dynamic programming: existence, uniqueness, and convergence ⋮ On a spatial Solow model with technological diffusion and nonconcave production function ⋮ Economic dynamics with renewable resources and pollution

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