Uniformly Optimal Infinite Horizon Plans

DOI10.2307/2526478MaRDI QIDQ3892026zbMATH OpenOpenAlexFDO

Authors Peter J. Hammond, John Kennan

Publication date 1979

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

Full work available at URL https://doi.org/10.2307/2526478

zbMATH Keywords

agreeable planscontigency planningcontinuous utility functionseconomic growthinfinite horizon plansMalinvaud competitive planstrongly agreeable plansuniformly optimal plans

Mathematics Subject Classification ID

Economic growth models (91B62)

Cited in

(8)

• On existence of optimal programs: the RSS model without concavity assumptions on felicities
• Uniformly overtaking and weakly overtaking optimal solutions in infinite horizon optimal control: When optimal solutions are agreeable
• Nonconvex and relaxed infinite-horizon optimal control problems
• On locally optimal programs in the Robinson-Solow-Srinivasan model
• On Hamiltonian as limiting gradient in infinite horizon problem
• Necessity of vanishing shadow price in infinite horizon control problems
• Dynamic optimization in non-convex models with irreversible investment: Monotonicity and turnpike results
• Necessity of limiting co-state arcs in Bolza-type infinite horizon problem

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