Turnpike property and convergence rate for an investment model with general utility functions

DOI10.1016/j.jedc.2014.09.025zbMath1402.91339arXiv1409.7802OpenAlexW2053900106MaRDI QIDQ1623978

Baojun Bian, Harry Zheng

Publication date: 15 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1409.7802

zbMATH Keywords

convergence rateturnpike propertydual representationnon-strictly concave utility functionsmooth solution to HJB equation

Mathematics Subject Classification ID

Economic growth models (91B62) Optimal stochastic control (93E20) Portfolio theory (91G10)

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Cites Work

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