Characterization of intertemporal optimality in terms of decentralizable conditions: The discounted case

DOI10.1016/0022-0531(88)90270-0zbMath0656.90016OpenAlexW1979835629MaRDI QIDQ1110433

Swapan Dasgupta, Tapan Mitra

Publication date: 1988

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

Full work available at URL: https://doi.org/10.1016/0022-0531(88)90270-0

zbMATH Keywords

decentralizationoptimal pathscompetitive pathsRamsey type multisector capital accumulation model

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (6)

Propensity to consume and the optimality of Ramsey-Euler policies ⋮ Decentralization in infinite horizon economies: An introduction ⋮ On characterizing optimal competitive programs in terms of decentralizable conditions ⋮ Optimality of Ramsey-Euler policy in the stochastic growth model ⋮ Decentralized evolutionary mechanisms for intertemporal economies: A possibility result ⋮ Infinite-horizon competitive programs are optimal

Cites Work

• On characterizing optimal competitive programs in terms of decentralizable conditions
• The modified golden rule of a multi-sector economy
• On the existence of a stationary optimal stock for a multi-sector economy: A primal approach
• Efficiency prices for optimal consumption plans. III
• On Competitive Prices for Optimal Consumption Plans
• On Optimal Consumption Plans in a Multi-sector Economy
• Duality Theory for Infinite Horizon Convex Models
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