Policy functions for capital accumulation paths

DOI10.1016/0022-0531(88)90161-5MaRDI QIDQ1108173zbMATH OpenOpenAlexFDO

Authors John Hoag, Dean A. Neumann, Thomas J. O'Brien, Kyoo-Hong Kim

Publication date 1988

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

Full work available at URL https://doi.org/10.1016/0022-0531(88)90161-5

zbMATH Keywords

Lipschitz conditionneoclassical optimal growth modelspolicy functionstwice differentiable functions

Mathematics Subject Classification ID

Economic growth models (91B62)

Recommendations

• The Once But Not Twice Differentiability of the Policy Function
• Rationalizing Policy Functions by Dynamic Optimization
• Policy functions of strictly concave optimal growth models
• On Lipschitz continuity of policy functions in continuous-time optimal growth models
• Smoothness of the Policy Function in Discrete Time Economic Models

Cites work

• A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
• Competitive chaos
• Competitive equilibrium cycles
• On the indeterminacy of capital accumulation paths

Cited in

(6)

• Dynamic complexity of optimal paths and discount factors for strongly concave problems
• Complex solutions of nonconcave dynamic optimization models
• On capital accumulation paths in a neoclassical stochastic growth model
• Optimal Cycles and Chaos: A Survey
• The Once But Not Twice Differentiability of the Policy Function
• Rationalizing Policy Functions by Dynamic Optimization

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