On the existence of a stationary optimal stock for a multi-sector economy: A primal approach (Q1819688)
From MaRDI portal
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | On the existence of a stationary optimal stock for a multi-sector economy: A primal approach |
scientific article |
Statements
On the existence of a stationary optimal stock for a multi-sector economy: A primal approach (English)
0 references
1986
0 references
Using a purely primal approach, we show the existence of a non-trivial stationary optimal stock for a multi-sector economy. Our result generalizes earlier work by dropping the \(\delta\)-productivity assumption and by replacing the continuity hypothesis on the utility function by upper semicontinuity.
0 references
optimal intertemporal allocation
0 references
existence of a non-trivial stationary optimal stock
0 references
multi-sector economy
0 references
\(\delta \)-productivity
0 references
upper semicontinuity
0 references
0 references
