On the Value Maximizing Property of Infinite Horizon Efficient Programs

DOI10.2307/2526262MaRDI QIDQ3872150zbMATH OpenOpenAlexFDO

Authors Tapan Mitra

Publication date 1979

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

Full work available at URL https://doi.org/10.2307/2526262

zbMATH Keywords

competitive pricesefficient allocation of resources over timeinfinite horizon efficient programsinfinite horizon modelparticular technologiespresent value determinationpresent value of consumption sequencevalue maximizing property

Mathematics Subject Classification ID

Economic growth models (91B62)

Cited in

(4)

• Efficient and optimal programs when investment is irreversible. A duality theory
• Infinite-horizon choice functions
• Equilibrium and optimality: some imprints of David Gale
• Competitive finite value prices: A complete characterization

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