The Duality of a Dynamic Model of Equilibrium and an Optimal Growth Model: The Heterogeneous Capital Goods Case
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Publication:3899793
DOI10.2307/1882391zbMath0452.90015MaRDI QIDQ3899793
Publication date: 1981
Published in: The Quarterly Journal of Economics (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.2307/1882391
equivalencedualitynecessary and sufficient optimality conditionssufficient conditionstransversality conditionefficient markets hypothesisintertemporal allocationdynamic equilibrium modeloptimal growth modeldecentralized economycapital value transversalityinfinite horizon concave programsinterpretation of equilibrium pricesone-consumer, heterogeneous capital goods frameworkperfect foresight path
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