Existence of optimal strategies in linear multisector models

DOI10.1007/s00199-005-0025-yzbMath1113.91037OpenAlexW2085637960MaRDI QIDQ2505527

Neri Salvadori, Giuseppe Freni, Fausto Gozzi

Publication date: 26 September 2006

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

Full work available at URL: https://doi.org/10.1007/s00199-005-0025-y

zbMATH Keywords

endogenous growthisoelastic utility functionoptimal control with mixed constraintsvon Neumann growth modelConstant Elasticity of Substitution conditionlinear multisector modelRamsey-like preferencesrate of time discount parameter

Mathematics Subject Classification ID

Multisectoral models in economics (91B66) Economic growth models (91B62)

Related Items (14)

Solving internal habit formation models through dynamic programming in infinite dimension ⋮ A Stochastic Model of Economic Growth in Time-Space ⋮ Existence of optimal strategies in linear multisector models with several consumption goods ⋮ The general equilibrium effects of localised technological progress: a classical approach ⋮ Optimal Portfolio Choice with Path Dependent Labor Income: the Infinite Horizon Case ⋮ Internal habits formation and optimality ⋮ Endogenous growth and wave-like business fluctuations ⋮ Optimal strategies in linear multisector models: Value function and optimality conditions ⋮ Generically distributed investments on flexible projects and endogenous growth ⋮ Solving optimal growth models with vintage capital: The dynamic programming approach ⋮ Policy effectiveness in spatial resource wars: a two-region model ⋮ Optimal portfolio choice with path dependent benchmarked labor income: a mean field model ⋮ Managing spatial linkages and geographic heterogeneity in dynamic models with transboundary pollution ⋮ State Constrained Control Problems in Banach Lattices and Applications

Cites Work

• Existence of optimal solutions for control and variational problems with recursive objectives
• Recursive utility and optimal capital accumulation. I: Existence
• A Generalization of the von Neumann Model of an Expanding Economy
• Infinite Horizon Programs
• Optimal control and viscosity solutions of Hamilton-Jacobi-Bellman equations
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