Cantor Type Invariant Distributions in the Theory of Optimal Growth under Uncertainty

DOI10.1080/1023619042000193649MaRDI QIDQ4818293zbMATHOpenAlexFDO

Authors Tapan Mitra, Fabio Privileggi

Publication date 28 September 2004

Published in Journal of Difference Equations and Applications (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/1023619042000193649

zbMATH Keywords

invariant measureiterated function systemsCantor functionstochastic optimal growthno overlap propertyLipschitz policy

Mathematics Subject Classification ID

Invariant measures for infinite-dimensional dissipative dynamical systems (37L40) Economic growth models (91B62) Stochastic models in economics (91B70) Optimal stochastic control (93E20) Continuity and singularity of induced measures (60G30)

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Cites work

• Analysis of a Numerical Dynamic Programming Algorithm Applied to Economic Models
• Characterization of optimal plans for stochastic dynamic programs
• Fractal steady states in stochastic optimal control models
• Lipschitz continuous policy functions for strongly concave optimization problems
• On a class of stable random dynamical systems: Theory and applications
• On optimal growth under uncertainty
• Smoothness of the Policy Function in Discrete Time Economic Models
• The Once But Not Twice Differentiability of the Policy Function
• The nature of the steady state in models of optimal growth under uncertainty

Cited in

(11)

• The nature of the steady state in models of optimal growth under uncertainty
• Three dimensional fractal attractors in a green transition economic growth model
• A stochastic economic growth model with health capital and state-dependent probabilities
• On Lipschitz continuity of the iterated function system in a stochastic optimal growth model
• Fractals and self-similarity in economics: the case of a stochastic two-sector growth model
• Fractal attractors and singular invariant measures in two-sector growth models with random factor shares
• Fractal attractors in economic growth models with random pollution externalities
• Public debt dynamics under ambiguity by means of iterated function systems on density functions
• Asymptotic Growth under Uncertainty: Existence and Uniqueness
• Self-similar measures in multi-sector endogenous growth models
• Cantor type attractors in stochastic growth models

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