Existence and the Cass-Shell stability condition for Hamiltonian systems of optimal growth

DOI10.1016/0022-0531(77)90064-3zbMATH Open0363.90030OpenAlexW2081514381MaRDI QIDQ1240656FDOQ1240656

Authors: Robert E. Gaines 

Publication date: 1977

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

Full work available at URL: https://doi.org/10.1016/0022-0531(77)90064-3

Mathematics Subject Classification ID

Controllability (93B05) Large-scale systems (93A15) Trade models (91B60)

Cites Work

• Saddle points of Hamiltonian systems in convex problems of Lagrange
• Global asymptotic stability of optimal control systems with applications to the theory of economic growth
• Existence of solutions to Hamiltonian dynamical systems of optimal growth
• The structure and stability of competitive dynamical systems
• Generalized Hamiltonian equations for convex problems of Lagrange
• Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate
• Some new results on the local stability of the process of capital accumulation

Cited In (8)

• Periodic solutions to differential inclusions
• Periodic solutions for coupled first order systems of ordinary differential equations
• Existence of solutions of Hamiltonian dynamical systems of economic growth with Marxian savings hypothesis
• Oscillations in optimal growth models
• Existence of aperiodic time-dependent solutions in optimal growth economy with three sectors
• Economic dynamics
• The existence of optimal consumption policies in optimal economic growth models with nonconvex technologies
• Ordinary differential systems of optimal control type with monotone reversed nonlinearities

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