One-Sector Nonclassical Optimal Growth: Optimality Conditions and Comparative Dynamics

DOI10.2307/2527111zbMath0736.90016OpenAlexW2052061842MaRDI QIDQ3978159

Leonard J. Mirman, Rabah Amir, William R. Perkins

Publication date: 25 June 1992

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2527111

zbMATH Keywords

monotonicity Bellman equation lattice programming optimal paths convex-concave production function marginal property to consume one sector growth model second- order condition for optimality

Mathematics Subject Classification ID

Sensitivity, stability, well-posedness (49K40) Dynamic programming in optimal control and differential games (49L20) Production theory, theory of the firm (91B38) Economic growth models (91B62)

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