Dynamic optimization in non-convex models with irreversible investment: Monotonicity and turnpike results
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Publication:3038996
DOI10.1007/BF01283642zbMath0525.90028OpenAlexW2058115445MaRDI QIDQ3038996
Mukul K. Majumdar, Manfred Nermuth
Publication date: 1982
Published in: Zeitschrift für Nationalökonomie (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/bf01283642
monotonicityirreversibility of investmentintertemporal optimizationnonconvex technologyturnpike resultsasymptotic behavior of optimal programsdiscrete-time dynamic, one-good economic modelsfinite and infinite planning horizonoptimal consumption/investment programmes
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