A note on the existence of an optimal capital accumulation in the continuous time horizon

DOI10.1016/0022-0531(82)90038-2zbMath0511.90038OpenAlexW2068581247MaRDI QIDQ1839188

Makoto Yano

Publication date: 1982

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

Full work available at URL: https://doi.org/10.1016/0022-0531(82)90038-2

zbMATH Keywords

existence theoremoptimal capital accumulationcontinuous time horizondynamic economic growth modeloptimal turnpike property

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Dynamic programming (90C39) Economic growth models (91B62)

Related Items

Infinite-horizon continuous-time growth models ⋮ A Carathéodory-Hamilton-Jacobi theory for infinite-horizon optimal control problems ⋮ Recursive utility and optimal capital accumulation. I: Existence ⋮ On the existence of catching-up optimal solutions for Lagrange problems defined on unbounded intervals ⋮ On the existence of overtaking trajectories ⋮ Existence of finitely optimal solutions for infinite-horizon optimal control problems

Cites Work

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• Saddle points of Hamiltonian systems in convex problems of Lagrange
• On Existence of Overtaking Optimal Trajectories Over an Infinite Time Horizon
• On Existence of Weakly Maximal Programmes in a Multi-Sector Economy