Most Rapid Approach Paths in Accumulation Problems

DOI10.2307/2525821MaRDI QIDQ4077692zbMATH OpenOpenAlexFDO

Authors Michael Spence, David A. Starrett

Publication date 1975

Published in International Economic Review (Search for Journal in Brave)

Full work available at URL https://doi.org/10.2307/2525821

Mathematics Subject Classification ID

Optimality conditions for problems involving ordinary differential equations (49K15) Stochastic programming (90C15) Nonlinear programming (90C30) Decision theory (91B06) Utility theory (91B16) Trade models (91B60)

Cited in

(24)

• Dynamic optimization with a nonconvex technology: Determination of critical stocks
• A new sufficient condition for most rapid approach paths
• On the optimal harvesting of persistent age-structured populations
• On the optimal harvesting of age-structured populations: Some simple models
• Nearest feasible paths in optimization control problems: Theory, examples, and counterexamples
• On the economically optimal exploitation of a renewable resource: The case of a convex environment and a convex return function
• Cultural leader and the dynamics of assimilation
• Competition between most rapid approach paths: necessary and sufficient conditions
• Optimal transition to backstop substitutes for nonrenewable resources
• Use of continuous-discrete optimal control in inventory problem
• Optimality of impulse harvesting policies
• Steady-state properties in a class of dynamic models
• Dynamic economic analysis on invasive species management: some policy implications of catch\-ability
• The optimal treatment of an infectious disease with two strains
• On the dynamics of knowledge-based economic growth
• The Leontief two-sector model and undiscounted optimal growth with irreversible investment: The case of labor-intensive consumption goods
• Cooperation in the commons
• Dynamic optimization with a nonsmooth, nonconvex technology: the case of a linear objective function
• A Dynamic activity analysis for a monopolistic firm
• The infinite horizon dynamic optimization problem revisited: A simple method to determine equilibrium states
• Optimal adaptive testing for epidemic control: combining molecular and serology tests
• Implications of policy adjustment costs for fisheries management
• Pollution control in open economies: implications of within-period interactions for dynamic game equilibrium
• Economic dynamics of reservoir sedimentation management: Optimal control with singularly perturbed equations of motion

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