Turnpike theory

DOI10.1016/0165-1889(94)90040-XMaRDI QIDQ671884zbMATH OpenOpenAlexFDO

Authors Pierre Cartigny, Alain Venditti

Publication date 27 February 1997

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0165-1889(94)90040-x

zbMATH Keywords

Hamiltonian systemHopf bifurcationEuler-Lagrange equationsEndogenous cyclesTurnpike property

Mathematics Subject Classification ID

Economic growth models (91B62) Stabilization of systems by feedback (93D15) Multiobjective variational problems, Pareto optimality, applications to economics, etc. (58E17)

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(11)

• A turnpike theorem with public capital
• Pathways to Hopf bifurcations in dynamic continuous-time optimization problems
• Endogenous cycles with small discounting in multisector optimal growth models: Continuous-time case
• Turnpike theory. Some new results on the saddle point property of equilibria and on the existence of endogenous cycles
• Endogenous cycles in discrete symmetric multisector optimal growth models
• Global stability and the ``turnpike in optimal unbounded growth models
• An overview of turnpike theory: towards the discounted deterministic case
• The primal route to the turnpike and asymptotic stability
• Oscillations in optimal growth models
• Money and insurance in a turnpike environment
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