Complex solutions of nonconcave dynamic optimization models

DOI10.1007/BF01213847zbMath0899.90024MaRDI QIDQ1367705

Herbert Dawid, Michael Kopel, Gustav Feichtinger

Publication date: 5 November 1998

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

zbMATH Keywords

continuous optimal policynonconcave objective functionstime discrete intertemporal optimization

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (5)

On the economically optimal exploitation of a renewable resource: The case of a convex environment and a convex return function ⋮ Gustav Feichtinger celebrates his 70th birthday ⋮ Optimality of impulse harvesting policies ⋮ Dynamic programming and value-function approximation in sequential decision problems: error analysis and numerical results ⋮ Chaos Theory in Operations Research

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
• Competitive equilibrium cycles
• Competitive chaos
• Policy functions for capital accumulation paths
• On the indeterminacy of capital accumulation paths
• Intertemporal allocation with a non-convex technology: The aggregative framework
• Periodic and chaotic programs of optimal intertemporal allocation in an aggregative model with wealth effects
• Period Three Implies Chaos

This page was built for publication: Complex solutions of nonconcave dynamic optimization models