The existence of optimal consumption policies in optimal economic growth models with nonconvex technologies

DOI10.1016/0022-0531(85)90031-6zbMATH Open0582.90018OpenAlexW2048636666MaRDI QIDQ1068682FDOQ1068682

Authors: B. George 

Publication date: 1985

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(85)90031-6

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zbMATH Keywords

existence theoremincreasing returns to scaleinfinitely-lived agentsone-sector growth models

Mathematics Subject Classification ID

Economic growth models (91B62)

Cites Work

• Optimal control on an infinite time horizon
• Necessary Conditions for Optimal Control Problems with Infinite Horizons
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• Conjugate convex functions in optimal control and the calculus of variations
• Existence of solutions to Hamiltonian dynamical systems of optimal growth
• The structure and stability of competitive dynamical systems
• Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate
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• Sur les multi-applications mesurables
• On Existence of Overtaking Optimal Trajectories Over an Infinite Time Horizon
• Existence and the Cass-Shell stability condition for Hamiltonian systems of optimal growth

Cited In (26)

• A nonsmooth, nonconvex model of optimal growth
• Existence of optimal strategies in linear multisector models
• Optimal capital accumulation paths for growth models with infinite planning horizon and non-convex technologies
• On income fluctuations and capital gains with a convex production function. A note
• A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
• Title not available (Why is that?)
• Maximum theorems for convex structures with an application to the theory of optimal intertemporal allocation
• Recursive utility and optimal capital accumulation. I: Existence
• Title not available (Why is that?)
• Optimal growth with recursive utility: An existence result without convexity assumptions
• Non-convex aggregate technology and optimal economic growth
• The existence theorem of optimal growth model
• Policy functions of strictly concave optimal growth models
• On the existence of optimal processes in non-stationary environments
• Existence of solutions in continuous-time optimal growth models
• Optimal Consumption in a Growth Model with the CES Production Function
• The Existence of an Optimal Economic Policy
• Nonconvexities in an optimal growth model
• Infinite-horizon continuous-time growth models
• Cake eating, exhaustible resource extraction, life-cycle saving, and non-atomic games: existence theorems for a class of optimal allocation problems
• On the existence of weakly maximal programs for a multisector economy with consumption
• On the existence of a stationary optimal stock for a multi-sector economy: A primal approach
• An existence theorem for an optimal economic growth problem with infinite planning horizon
• Saddle-point dynamics in non-autonomous models of multisector growth with variable returns to scale
• Dynamic optimization on a non-convex feasible set: Some general results for non-smooth technologies
• Solution existence theorems for finite horizon optimal economic growth problems

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