Recursive utility and optimal capital accumulation. I: Existence

DOI10.1016/0022-0531(89)90104-XzbMath0679.90014OpenAlexW1965517468MaRDI QIDQ1823127

Bom Yong Sung, Robert A. Becker, John H. III Boyd

Publication date: 1989

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

Full work available at URL: https://doi.org/10.1016/0022-0531(89)90104-x

zbMATH Keywords

upper semicontinuityrecursive utilityWeierstrass theoremexistence of optimal capital accumulation paths

Mathematics Subject Classification ID

Related Items (15)

Recursive utility and optimal capital accumulation. II: Sensitivity and duality theory ⋮ A NOTE ON THE CONSEQUENCES OF AN ENDOGENOUS DISCOUNTING DEPENDING ON THE ENVIRONMENTAL QUALITY ⋮ Impatience and long-run growth ⋮ Nonconvex variational problem with recursive integral functionals in Sobolev spaces: existence and representation ⋮ Existence of optimal strategies in linear multisector models with several consumption goods ⋮ The aggregation of preferences: Can we ignore the past? ⋮ Recursive variational problems in nonreflexive Banach spaces with an infinite horizon: an existence result ⋮ A turnpike theorem for continuous-time optimal-control models ⋮ Optimal strategies in linear multisector models: Value function and optimality conditions ⋮ Optimal growth with decreasing marginal impatience ⋮ Optimal growth with recursive utility: An existence result without convexity assumptions ⋮ Existence of optimal strategies in linear multisector models ⋮ Infinite-horizon optimal controls for problems governed by a Volterra integral equation with state-and-control-dependent discount factor ⋮ Maximum principle for control problems with uncertain horizon and variable discount rate ⋮ Optimal growth and recursive utility: Phase diagram analysis

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