The von Neumann facet and a global asymptotic stability (Q684777)
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scientific article; zbMATH DE number 422768
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | The von Neumann facet and a global asymptotic stability |
scientific article; zbMATH DE number 422768 |
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The von Neumann facet and a global asymptotic stability (English)
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6 October 1993
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The author considers a multi-sector discrete-time optimal growth model with neoclassical non-joint technology and shows that any path on an \(n\)- dimensional flat supported by the optimal steady state price will converge to the optimal steady state and is optimal.
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multi-sector discrete-time optimal growth model
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neoclassical non-joint technology
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optimal steady state
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