Undiscounted optimal growth in the two-sector Robinson-Solow-Srinivasan model: a synthesis of the value-loss approach and dynamic programming
From MaRDI portal
Publication:2509138
DOI10.1007/s00199-005-0023-0zbMath1148.91031MaRDI QIDQ2509138
Publication date: 18 October 2006
Published in: Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s00199-005-0023-0
dynamic programming; golden rule; transition dynamics; optimal policy function; value loss; full-employment program; Undiscounted optimal program
Related Items
About optimal harvesting policies for a multiple species forest without discounting, On the non-existence of optimal programs in the Robinson-Solow-Srinivasan (RSS) model, The concavity assumption on felicities and asymptotic dynamics in the RSS model, Impatience and dynamic optimal behavior: a bifurcation analysis of the Robinson-Solow-Srinivasan model, On the Mitra-Wan forestry model: a unified analysis, Growth in the Robinson-Solow-Srinivasan model: Undiscounted optimal policy with a strictly concave welfare function, Stability of a turnpike phenomenon for a discrete-time optimal control system, On the leximin and utilitarian overtaking criteria with extended anonymity, Eventual periodicity in the two-sector RSL model: equilibrium vis-à-vis optimum growth, Exact parametric restrictions for 3-cycles in the RSS model: a complete and comprehensive characterization, On locally optimal programs in the Robinson-Solow-Srinivasan model, Discounted optimal growth in a two-sector RSS model: a further geometric investigation, Complicated Dynamics and Parametric Restrictions in the Robinson-Solow-Srinivasan (RSS) Model, Optimal growth under discounting in the two-sector Robinson–Solow–Srinivasan model: a dynamic programming approach†
Cites Work
- Unnamed Item
- A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
- On the Faustmann solution to the forest management problem
- On characterizing optimal competitive programs in terms of decentralizable conditions
- On topological chaos in the Robinson-Solow-Srinivasan model
- Dynamic optimization in non-convex models with irreversible investment: Monotonicity and turnpike results
- Time to Build and Aggregate Fluctuations
- Optimal Savings in a Two-Sector Model of Growth
- On Existence of Weakly Maximal Programmes in a Multi-Sector Economy
- Duality Theory for Infinite Horizon Convex Models