Dynamic optimization on a non-convex feasible set: Some general results for non-smooth technologies
From MaRDI portal
Publication:5187038
DOI10.1007/BF01289475zbMath0561.90025MaRDI QIDQ5187038
Publication date: 1984
Published in: Zeitschrift für Nationalökonomie (Search for Journal in Brave)
monotonicity; insensitivity; optimal intertemporal allocation; asymptotic stability of optimal programs; finite- horizon models; infinite- horizon models
91B62: Economic growth models
Related Items
Existence of solutions for a class of nonconcave infinite horizon optimal control problems, Strategic interaction and dynamics under endogenous time preference, On the Phelps-Koopmans theorem, Existence, optimality and dynamics of equilibria with endogenous time preference, Monotonicity and continuity of the critical capital stock in the Dechert-Nishimura model, A nonsmooth, nonconvex model of optimal growth, Growth in the Robinson-Solow-Srinivasan model: Undiscounted optimal policy with a strictly concave welfare function, Equivalence of utilitarian maximal and weakly maximal programs, On existence of optimal programs: the RSS model without concavity assumptions on felicities, Nonpaternalistic intergenerational altruism, Finite horizon optimization. Sensitivity and continuity in multi-sectoral models, Periodic and chaotic programs of optimal intertemporal allocation in an aggregative model with wealth effects, Recursive utility and the rate of impatience, Non-convex aggregate technology and optimal economic growth, Dynamic optimization models in finance: some extensions to the framework, models, and computation, Dynamic optimization with a nonsmooth, nonconvex technology: the case of a linear objective function, Saddle-node bifurcations in an optimal growth model with preferences for wealth habit
Cites Work
- Unnamed Item
- A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
- Sensitivity of optimal programs with respect to changes in target stocks: The case of irreversible investment
- Intertemporal allocation with a non-convex technology: The aggregative framework
- The modified golden rule of a multi-sector economy
- Economically optimal policies for the utilization of biologically renewable resources
- Dynamic optimization in non-convex models with irreversible investment: Monotonicity and turnpike results
- On the Stability of the Competitive Equilibrium, I
- Transversality Conditions for Some Infinite Horizon Discrete Time Optimization Problems
- On Optimal Economic Growth with Variable Discount Rates: Existence and Stability Results
- Dynamic Optimization with a Non-Convex Technology: The Case of a Linear Objective Function
- Optimal Growth with a Convex-Concave Production Function
- Some Remarks on Optimal Growth with Intertemporally Dependent Preferences in the Neoclassical Model
- On Optimal Consumption Plans in a Multi-sector Economy