Oscillations in optimal growth models (Q1111448)
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: Oscillations in optimal growth models |
scientific article; zbMATH DE number 4074765
| Language | Label | Description | Also known as |
|---|---|---|---|
| default for all languages | No label defined |
||
| English | Oscillations in optimal growth models |
scientific article; zbMATH DE number 4074765 |
Statements
Oscillations in optimal growth models (English)
0 references
1987
0 references
The author discusses saddle point properties for optimal growth models. The Pontryagin maximum principle yields the well-known canonical system of differential equations which is studied by means of linearization. Necessary and sufficient conditions for local saddle point stability are given and the border case instability is discussed. In particular bifurcations for certain values of the discount rate are discussed.
0 references
saddle point properties
0 references
optimal growth
0 references
Pontryagin maximum principle
0 references
local saddle point stability
0 references
border case instability
0 references
bifurcations
0 references
0 references
0 references
0.8304981589317322
0 references
0.8089026808738708
0 references
0.8004888296127319
0 references
0.7941765785217285
0 references
