Efficient and optimal programs when investment is irreversible. A duality theory

DOI10.1016/0304-4068(83)90030-7zbMATH Open0499.90014OpenAlexW1496595727MaRDI QIDQ1171978FDOQ1171978

Authors: Tapan Mitra, Debraj Ray 

Publication date: 1983

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0304-4068(83)90030-7

zbMATH Keywords

irreversible investmentcompetitive programduality theory of efficient and optimal programsintertemporal models

Mathematics Subject Classification ID

Economic growth models (91B62) Multisectoral models in economics (91B66)

Cites Work

• Present Values Playing the Role of Efficiency Prices in the One-Good Growth Model
• Dynamic optimization in non-convex models with irreversible investment: Monotonicity and turnpike results
• On Optimal Consumption Plans in a Multi-sector Economy
• Title not available (Why is that?)
• Identifying inefficiency in smooth aggregative models of economic growth
• Two notes on the Malinvaud condition for efficiency of infinite horizon programs
• A note on efficient growth with irreversible investment and the Phelps- Koopmans theorem
• On the Value Maximizing Property of Infinite Horizon Efficient Programs

Cited In (3)

• Stochastic growth with irreversible investment
• Dualizing optimization problems in mathematical economics
• Fifty years of mathematical growth theory: classical topics and new trends

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