Differentiability of the value function of nonclassical optimal growth models

DOI10.1023/A:1022690009338MaRDI QIDQ1265021zbMATH OpenOpenAlexFDO

Authors K. Askri, Cuong Le Van

Publication date 28 February 1999

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

Full work available at URL https://doi.org/10.1023/a:1022690009338

zbMATH Keywords

latticesgeneralized gradientsBellman equationsupermodularityoptimal growth modelsTopkis theorem

Mathematics Subject Classification ID

Nonsmooth analysis (49J52) Economic growth models (91B62)

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Cites work

• scientific article; zbMATH DE number 3144124 (Why is no real title available?)
• A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
• Minimizing a Submodular Function on a Lattice
• On the Differentiability of the Value Function in Dynamic Models of Economics
• One-Sector Nonclassical Optimal Growth: Optimality Conditions and Comparative Dynamics
• Optimization and nonsmooth analysis
• Sensitivity analysis of multisector optimal economic dynamics
• State Constraints in Convex Control Problems of Bolza

Cited in

(10)

• Generalized envelope theorems: applications to dynamic programming
• Differentiability of the value function in continuous-time economic models
• Non-convex aggregate technology and optimal economic growth
• Smooth dynamics and computation in models of economic growth
• Differentiability of the value function without interiority assumptions
• Subdifferentials of nonconvex integral functionals in Banach spaces with applications to stochastic dynamic programming
• A nonsmooth approach to envelope theorems
• Stochastic optimal growth with nonconvexities
• Non-uniqueness Through Duality in the Von Neumann Growth Models
• Existence, optimality and dynamics of equilibria with endogenous time preference

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