A new turnpike theorem for discounted programs

DOI10.1007/BF01212324zbMATH Open0835.90018OpenAlexW2063261778MaRDI QIDQ1893786FDOQ1893786

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

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zbMATH Keywords

local and global convergenceasymptotic local turnpikeglobal turnpike

Mathematics Subject Classification ID

Economic growth models (91B62)

Cites Work

• Title not available (Why is that?)
• On the Differentiability of the Value Function in Dynamic Models of Economics
• On the indeterminacy of capital accumulation paths
• On optimal steady states of n-sector growth models when utility is discounted
• Smoothness, Comparative Dynamics, and the Turnpike Property
• The structure and stability of competitive dynamical systems
• Ergodic chaos in optimal growth models with low discount rates
• A primal route to the turnpike and Lyapunov stability
• Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate
• Title not available (Why is that?)
• Dynamic complexity of optimal paths and discount factors for strongly concave problems
• Competitive chaos

Cited In (16)

• 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
• The optimal harvesting problem with a land market: a characterization of the asymptotic convergence

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