Smoothness of the policy function in continuous-time economic models. The one-dimensional case (Q1177288)
From MaRDI portal
 | This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use this page instead for the normal view: Smoothness of the policy function in continuous-time economic models. The one-dimensional case |
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Smoothness of the policy function in continuous-time economic models. The one-dimensional case |
scientific article |
Statements
Smoothness of the policy function in continuous-time economic models. The one-dimensional case (English)
0 references
26 June 1992
0 references
The paper establishes the smoothness of the optimal policy function for the infinite horizon case for problems with strongly concave objective functions. Even though the analysis is limited to the one-dimensional case, the paper performs an extremely useful service for economists, for it legitamizes the deployment of comparative static analysis so frequently used.
0 references
smoothness of the optimal policy function
0 references
infinite horizon
0 references
strongly concave objective functions
0 references
