Intertempordal optimality in a closed linear model of production

DOI10.1016/0022-0531(88)90271-2zbMath0664.90022OpenAlexW2022953683MaRDI QIDQ1115789

Tapan Mitra, Swapan Dasgupta

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)90271-2

zbMATH Keywords

turnpike theoremclosed linear production modeloptimal infinite horizon programspolyhedral technology setsteady state program

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Economic growth models (91B62)

Related Items (5)

Decentralization in infinite horizon economies: An introduction ⋮ On characterizing optimal competitive programs in terms of decentralizable conditions ⋮ Global stability and the ``turnpike in optimal unbounded growth models ⋮ Sustained endogenous growth with decreasing returns and heterogeneous capital ⋮ Decentralized evolutionary mechanisms for intertemporal economies: A possibility result

Cites Work

• The Efficient Capital Programme for a Maintainable Utility Level
• Duality Theory for Infinite Horizon Convex Models
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