Dynamic optimization on a non-convex feasible set: Some general results for non-smooth technologies

DOI10.1007/BF01289475zbMath0561.90025MaRDI QIDQ5187038

Tapan Mitra, Debraj Ray

Publication date: 1984

Published in: Zeitschrift für Nationalökonomie (Search for Journal in Brave)

zbMATH Keywords

monotonicity; insensitivity; optimal intertemporal allocation; asymptotic stability of optimal programs; finite- horizon models; infinite- horizon models

Mathematics Subject Classification ID

91B62: Economic growth models

Related Items

Existence of solutions for a class of nonconcave infinite horizon optimal control problems, Strategic interaction and dynamics under endogenous time preference, On the Phelps-Koopmans theorem, Existence, optimality and dynamics of equilibria with endogenous time preference, Monotonicity and continuity of the critical capital stock in the Dechert-Nishimura model, A nonsmooth, nonconvex model of optimal growth, Growth in the Robinson-Solow-Srinivasan model: Undiscounted optimal policy with a strictly concave welfare function, Equivalence of utilitarian maximal and weakly maximal programs, On existence of optimal programs: the RSS model without concavity assumptions on felicities, Nonpaternalistic intergenerational altruism, Finite horizon optimization. Sensitivity and continuity in multi-sectoral models, Periodic and chaotic programs of optimal intertemporal allocation in an aggregative model with wealth effects, Recursive utility and the rate of impatience, Economic dynamics with renewable resources and pollution, A simple characterisation for sustained growth, Non-convex aggregate technology and optimal economic growth, Dynamic optimization models in finance: some extensions to the framework, models, and computation, Dynamic optimization with a nonsmooth, nonconvex technology: the case of a linear objective function, Saddle-node bifurcations in an optimal growth model with preferences for wealth habit

Cites Work

• Unnamed Item
• A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
• Sensitivity of optimal programs with respect to changes in target stocks: The case of irreversible investment
• Intertemporal allocation with a non-convex technology: The aggregative framework
• The modified golden rule of a multi-sector economy
• Economically optimal policies for the utilization of biologically renewable resources
• Dynamic optimization in non-convex models with irreversible investment: Monotonicity and turnpike results
• On the Stability of the Competitive Equilibrium, I
• Transversality Conditions for Some Infinite Horizon Discrete Time Optimization Problems
• On Optimal Economic Growth with Variable Discount Rates: Existence and Stability Results
• Dynamic Optimization with a Non-Convex Technology: The Case of a Linear Objective Function
• Optimal Growth with a Convex-Concave Production Function
• Some Remarks on Optimal Growth with Intertemporally Dependent Preferences in the Neoclassical Model
• On Optimal Consumption Plans in a Multi-sector Economy