Global asymptotic stability of optimal control systems with applications to the theory of economic growth

From MaRDI portal
Publication:1234614

DOI10.1016/0022-0531(76)90031-4zbMath0348.90018OpenAlexW2071418925MaRDI QIDQ1234614

José Alexandre Scheinkman, William A. Brock

Publication date: 1976

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

Full work available at URL: http://www.kellogg.northwestern.edu/research/math/papers/85.pdf



Related Items

The turnpike of dynamic general equilibrium paths and its insensitivity to initial conditions, Turnpike properties of capital accumulation games, Local asymptotic stability of optimal steady states, Interlinkage in the endogenous real business cycles of international economies, Ergodic chaos in optimal growth models with low discount rates, Stability of international pollution control games: a potential game approach, Diffusion-induced instability and pattern formation in infinite horizon recursive optimal control, On the local stability of the stationary solution to variational problems, A partial Lagrangian method for dynamical systems, Endogenous cycles with small discounting in multisector optimal growth models: Continuous-time case, Using nonlinear model predictive control for dynamic decision problems in economics, Local stability in endogenous growth models, Optimal growth with many consumers, Global asymptotic stability results for multisector models of optional growth under uncertainty when future utilities are discounted, On continuous-time infinite horizon optimal control -- dissipativity, stability, and transversality, Stability and optimal exploitation over an infinite time horizon of interacting populations, Stabilization of capital accumulation games, The Hopf bifurcation and the existence and stability of closed orbits in multisector models of optimal economic growth, Fair allocations of a renewable resource, Existence of solutions of Hamiltonian dynamical systems of economic growth with Marxian savings hypothesis, Stabilization with discounted optimal control, Hopf bifurcations in multisector models of optimal economic growth, Accessibility and stabilization by infinite horizon optimal control with negative discounting, Competitive equilibrium cycles for small discounting in discrete-time two-sector optimal growth models, On uniqueness of a steady state and convergence of optimal paths in multisector models of optimal growth with a discount rate, Duality theory for dynamic optimization models of economics: The continuous time case, A turnpike theorem for continuous-time optimal-control models, The present value of resources with large discount rates, Limit cycles in dynamic economic systems, Discounting and long-run behavior: Global bifurcation analysis of a family of dynamical systems, Some results on global asymptotic stability of difference equations, A growth property in concave-convex Hamiltonian systems, A characterization of the normalized restricted profit function, Global asymptotic stability of optimal control systems with applications to the theory of economic growth, The structure and stability of competitive dynamical systems, Turnpike properties for a class of piecewise deterministic systems arising in manufacturing flow control, The condition of self-steering of economic development, Existence and the Cass-Shell stability condition for Hamiltonian systems of optimal growth, Some new results on the local stability of the process of capital accumulation, Uniqueness of rest points for optimal control models in economics, Introduction to Hamiltonian dynamics in economics, A partial Hamiltonian approach for current value Hamiltonian systems, On the optimality and stability of competitive paths in continuous time growth models, Existence and global asymptotic stability of optimal trajectories for a class of infinite-horizon, nonconvex systems, Equilibrium cycling with small discounting, The dynamics of optimal wealth distributions with recursive utility, Existence of aperiodic time-dependent solutions in optimal growth economy with three sectors, A primal route to the turnpike and Lyapunov stability, Bifurcations of Optimal Vector Fields, An integration of equilibrium theory and turnpike theory, Neighborhood turnpike theorem for continuous-time optimization models, The local stability of an open-loop Nash equilibrium in a finite horizon differential game, Capital accumulation games of infinite duration, Reswitching as a cusp catastrophe, Economic dynamics, The general instability of balanced paths in endogenous growth models: The role of transversality conditions, The envelope theorem in dynamic optimization, On the optimality of limit cycles in dynamic economic systems, The economics of orchards: An exercise in point-input, flow-output capital theory, On the optimal exploitation of interacting resources, A local analysis of stability and regularity of stationary states in discrete symmetric optimal capital accumulation models, Local stability of stationary states in discounted optimal control systems



Cites Work