The economics of orchards: An exercise in point-input, flow-output capital theory

DOI10.1016/0022-0531(91)90141-PMaRDI QIDQ810358zbMATH OpenOpenAlexFDO

Authors Tapan Mitra, Debraj Ray, Rahul Roy

Publication date 1991

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(91)90141-p

zbMATH Keywords

neighborhood turnpike theoremoptimal intertemporal programspoint-input flow-output capital theory

Mathematics Subject Classification ID

Economic growth models (91B62) Multisectoral models in economics (91B66)

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Cites work

• scientific article; zbMATH DE number 44215 (Why is no real title available?)
• A primal route to the turnpike and Lyapunov stability
• An integration of equilibrium theory and turnpike theory
• Competitive equilibrium cycles
• Global asymptotic stability of optimal control systems with applications to the theory of economic growth
• On Optimal Development in a Multi-Sectoral Economy: the Discounted Case
• On optimal steady states of n-sector growth models when utility is discounted
• On the Faustmann solution to the forest management problem
• Optimality of Profit-Including Prices Under Ideal Planning
• Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate
• Smoothness, Comparative Dynamics, and the Turnpike Property
• Some Theoretical Results on the Economics of Forestry
• The General Instability of a Class of Competitive Growth Processes
• The structure and stability of competitive dynamical systems
• Turnpike theory, discounted utility, and the von Neumann facet
• Vintage capital, investment, and growth

Cited in

(8)

• On the Mitra-Wan forestry model: a unified analysis
• Vintage capital, investment, and growth
• Investment in vintage capital
• Blackwell optimality in Markov decision processes with partial observation.
• On the Mitra-Wan forest management problem in continuous time
• OPTIMAL HARVESTING OF FOREST AGE CLASSES: A SURVEY OF SOME RECENT RESULTS
• Technology adoption and accumulation in a vintage-capital model
• On the economics of forest vintages

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