Optimal policies in the Dasgupta-Heal-Solow-Stiglitz model under nonconstant returns to scale

DOI10.1134/S0081543819010061zbMath1422.91487OpenAlexW2952532379WikidataQ114847418 ScholiaQ114847418MaRDI QIDQ2317215

S. M. Aseev, K. O. Besov, Serguei Kaniovski

Publication date: 9 August 2019

Published in: Proceedings of the Steklov Institute of Mathematics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1134/s0081543819010061

zbMATH Keywords

Dasgupta-Heal-Solow-Stiglitz modelresource depletion policieswelfare-maximizing capital investment

Mathematics Subject Classification ID

Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Optimality conditions for problems involving ordinary differential equations (49K15)

Related Items (5)

Another view of the maximum principle for infinite-horizon optimal control problems in economics ⋮ Optimal accumulation of factors with linear-homogeneous production functions on infinite time horizon ⋮ The Pontryagin maximum principle for optimal control problem with an asymptotic endpoint constraint under weak regularity assumptions ⋮ Maximum principle for an optimal control problem with an asymptotic endpoint constraint ⋮ Optimal states of distributed exploited populations with periodic impulse harvesting

Uses Software

• DYNAMO

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