Smoothness of the policy function in continuous-time economic models. The one-dimensional case

DOI10.1016/0165-1889(91)90042-YMaRDI QIDQ1177288zbMATH OpenOpenAlexFDO

Authors Manuel S. Santos, Jean-Luc Vila

Publication date 26 June 1992

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0165-1889(91)90042-y

zbMATH Keywords

infinite horizonsmoothness of the optimal policy functionstrongly concave objective functions

Mathematics Subject Classification ID

Economic growth models (91B62)

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Cites work

• scientific article; zbMATH DE number 3135277 (Why is no real title available?)
• scientific article; zbMATH DE number 3505708 (Why is no real title available?)
• A New Proof of the Pseudostable Manifold Theorem
• Duality theory for dynamic optimization models of economics: The continuous time case
• Infinite horizon optimal control. Theory and applications
• Invariant manifolds
• On the Differentiability of the Value Function in Dynamic Models of Economics
• Smoothness, Comparative Dynamics, and the Turnpike Property

Cited in

(10)

• Approximate dynamic programming for stochastic \(N\)-stage optimization with application to optimal consumption under uncertainty
• On high-order differentiability of the policy function
• On non-existence of Markov equilibria in competitive-market economies
• Smooth dynamics and computation in models of economic growth
• Smooth dynamics and computation in models of economic growth
• On the smoothness of value functions and the existence of optimal strategies in diffusion models
• On the sensitivity of optimal growth paths
• The Once But Not Twice Differentiability of the Policy Function
• Strong concavity properties of indirect utility functions in multisector optimal growth models
• Smoothness of the Policy Function in Discrete Time Economic Models

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