Most Rapid Approach Paths in Accumulation Problems

DOI10.2307/2525821MaRDI QIDQ4077692zbMATH OpenOpenAlexFDO

Authors Michael Spence, David A. Starrett

Publication date 1975

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

Full work available at URL https://doi.org/10.2307/2525821

Mathematics Subject Classification ID

Decision theory (91B06) Nonlinear programming (90C30) Stochastic programming (90C15) Utility theory (91B16) Optimality conditions for problems involving ordinary differential equations (49K15) Trade models (91B60)

Cited in

(24)

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• Dynamic optimization with a nonconvex technology: Determination of critical stocks
• The optimal treatment of an infectious disease with two strains
• Nearest feasible paths in optimization control problems: Theory, examples, and counterexamples
• Dynamic economic analysis on invasive species management: some policy implications of catch\-ability
• A new sufficient condition for most rapid approach paths
• On the optimal harvesting of persistent age-structured populations
• On the optimal harvesting of age-structured populations: Some simple models
• Competition between most rapid approach paths: necessary and sufficient conditions
• Implications of policy adjustment costs for fisheries management
• Cooperation in the commons
• Dynamic optimization with a nonsmooth, nonconvex technology: the case of a linear objective function
• On the economically optimal exploitation of a renewable resource: The case of a convex environment and a convex return function
• Optimal transition to backstop substitutes for nonrenewable resources
• The Leontief two-sector model and undiscounted optimal growth with irreversible investment: The case of labor-intensive consumption goods
• Economic dynamics of reservoir sedimentation management: Optimal control with singularly perturbed equations of motion
• Steady-state properties in a class of dynamic models
• On the dynamics of knowledge-based economic growth
• A Dynamic activity analysis for a monopolistic firm

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