Costate variables correctly value stocks at each instant

DOI10.1016/0165-1889(87)90027-3zbMath0627.90019OpenAlexW1971030920MaRDI QIDQ1092786

Daniel Leonard

Publication date: 1987

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(87)90027-3

zbMATH Keywords

marginal rate of increase

Mathematics Subject Classification ID

Economic growth models (91B62)

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Cites Work

• Duality theory for dynamic optimization models of economics: The continuous time case
• On the Differentiability of the Value Function in Dynamic Models of Economics
• Optimal Growth with Intertemporally Dependent Preferences
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