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

DOI10.1016/0304-4068(83)90030-7zbMath0499.90014OpenAlexW1496595727MaRDI QIDQ1171978

Debraj Ray, Tapan Mitra

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

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

Related Items (3)

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

Cites Work

• Unnamed Item
• Two notes on the Malinvaud condition for efficiency of infinite horizon programs
• Identifying inefficiency in smooth aggregative models of economic growth
• A note on efficient growth with irreversible investment and the Phelps- Koopmans theorem
• Dynamic optimization in non-convex models with irreversible investment: Monotonicity and turnpike results
• On the Value Maximizing Property of Infinite Horizon Efficient Programs
• Present Values Playing the Role of Efficiency Prices in the One-Good Growth Model
• On Optimal Consumption Plans in a Multi-sector Economy

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