A new turnpike theorem for discounted programs

DOI10.1007/BF01212324MaRDI QIDQ1893786zbMATH OpenOpenAlexFDO

Authors Luigi Montrucchio

Publication date 13 July 1995

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/bf01212324

zbMATH Keywords

local and global convergenceasymptotic local turnpikeglobal turnpike

Mathematics Subject Classification ID

Economic growth models (91B62)

Recommendations

• A turnpike theorem for continuous-time optimal-control models
• Neighborhood turnpike theorem for continuous-time optimization models
• On the smoothness of optimal paths. II. Some local turnpike results
• An overview of turnpike theory: towards the discounted deterministic case
• A uniform neighborhood turnpike theorem and applications

Cites work

• scientific article; zbMATH DE number 3989062 (Why is no real title available?)
• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• A primal route to the turnpike and Lyapunov stability
• Competitive chaos
• Dynamic complexity of optimal paths and discount factors for strongly concave problems
• Ergodic chaos in optimal growth models with low discount rates
• On optimal steady states of n-sector growth models when utility is discounted
• On the Differentiability of the Value Function in Dynamic Models of Economics
• On the indeterminacy of capital accumulation paths
• Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate
• Smoothness, Comparative Dynamics, and the Turnpike Property
• The structure and stability of competitive dynamical systems

Cited in

(16)

• The optimal harvesting problem with a land market: a characterization of the asymptotic convergence
• A nonsmooth, nonconvex model of optimal growth
• Neighborhood turnpike theorem for continuous-time optimization models
• A uniform neighborhood turnpike theorem and applications
• Endogenous cycles in discrete symmetric multisector optimal growth models
• On the smoothness of optimal paths. II. Some local turnpike results
• Turnpike theorems for Markov games
• Uniform turnpike theorems for finite Markov decision processes
• An overview of turnpike theory: towards the discounted deterministic case
• The primal route to the turnpike and asymptotic stability
• Competitive equilibrium cycles for small discounting in discrete-time two-sector optimal growth models
• Optimality of impulse harvesting policies
• Strong concavity properties of indirect utility functions in multisector optimal growth models
• A turnpike theorem for continuous-time optimal-control models
• Competitive equilibrium cycles with endogenous labor
• The stochastic turnpike property without uniformity in convex aggregate growth models

This page was built for publication: A new turnpike theorem for discounted programs

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1893786)