Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate

From MaRDI portal
Publication:1228433

DOI10.1016/0022-0531(76)90028-4zbMath0333.90007OpenAlexW2055311441MaRDI QIDQ1228433

R. Tyrrell Rockafellar

Publication date: 1976

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

Full work available at URL: https://doi.org/10.1016/0022-0531(76)90028-4




Related Items (62)

The turnpike of dynamic general equilibrium paths and its insensitivity to initial conditionsA new turnpike theorem for discounted programsLipschitz continuous policy functions for strongly concave optimization problemsHamiltonian Systems in a Neighborhood of a Saddle PointEndogenous cycles in discrete symmetric multisector optimal growth modelsEndogenous cycles with small discounting in multisector optimal growth models: Continuous-time caseBounded solutions and oscillations of concave Lagrangian systems in presence of a discount rateStrong concavity properties of indirect utility functions in multisector optimal growth modelsLocal stability in endogenous growth modelsOn characterizing optimal competitive programs in terms of decentralizable conditionsOn the indeterminacy of capital accumulation pathsOptimal growth with many consumersTime scale decomposition in production planning for unreliable flexible manufacturing systemsTurnpikes in flow control models of unreliable manufacturing systemsInvariant ideals and their applications to the turnpike theoryExistence of solutions of Hamiltonian dynamical systems of economic growth with Marxian savings hypothesisStabilization with discounted optimal controlCompetitive equilibrium cycles for small discounting in discrete-time two-sector optimal growth modelsOn uniqueness of a steady state and convergence of optimal paths in multisector models of optimal growth with a discount rateNine kinds of quasiconcavity and concavityA note on the stochastic value loss assumptionDuality theory for dynamic optimization models of economics: The continuous time caseOn the minimum rate of impatience for complicated optimal growth pathsLimit cycles in intertemporal adjustment modelsA turnpike theorem for continuous-time optimal-control modelsOptimal strategies in linear multisector models: Value function and optimality conditionsThe present value of resources with large discount ratesLimit cycles in dynamic economic systemsCompetitive equilibrium cycles with endogenous laborRational expectations equilibria of economies with local interactionsA growth property in concave-convex Hamiltonian systemsGlobal asymptotic stability of optimal control systems with applications to the theory of economic growthThe structure and stability of competitive dynamical systemsExistence of solutions to Hamiltonian dynamical systems of optimal growthTurnpike properties for a class of piecewise deterministic systems arising in manufacturing flow controlExistence and the Cass-Shell stability condition for Hamiltonian systems of optimal growthSome new results on the local stability of the process of capital accumulationOptimality conditions and duality for multiobjective measurable subset selection problemsOrdinary differential systems of optimal control type with monotone reversed nonlinearitiesIntroduction to Hamiltonian dynamics in economicsOn the optimality and stability of competitive paths in continuous time growth modelsExistence and global asymptotic stability of optimal trajectories for a class of infinite-horizon, nonconvex systemsPeriodic solutions for coupled first order systems of ordinary differential equationsThéorème de l'autoroute et équation d'Hamilton--Jacobi. (Turnpike theorem and the Hamilton--Jacobi equation)Infinite time optimal control and periodicityAsymptotical stability of optimal paths in nonconvex problemsAn integration of equilibrium theory and turnpike theoryNeighborhood turnpike theorem for continuous-time optimization modelsDecreasing absolute risk aversion and utility indices derived from cake- eating problemsThe local stability of an open-loop Nash equilibrium in a finite horizon differential gameA uniform neighborhood turnpike theorem and applicationsEconomic dynamicsThe general instability of balanced paths in endogenous growth models: The role of transversality conditionsTurnpike theorem for terminal functionals in infinite horizon optimal control problemsLimit cycles in intertemporal adjustment models. Theory and applicationsThe envelope theorem in dynamic optimizationThe existence of optimal consumption policies in optimal economic growth models with nonconvex technologiesOn the optimality of limit cycles in dynamic economic systemsThe economics of orchards: An exercise in point-input, flow-output capital theoryOn the optimal exploitation of interacting resourcesLocal stability of stationary states in discounted optimal control systemsDynamic complexity of optimal paths and discount factors for strongly concave problems



Cites Work


This page was built for publication: Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate