On the existence of optimal processes in non-stationary environments

DOI10.1007/BF01227624zbMath0742.90027MaRDI QIDQ1176189

Tapan Mitra, Yaw Nyarko

Publication date: 25 June 1992

Published in: Journal of Economics (Search for Journal in Brave)

zbMATH Keywords

aggregative modelexistence of infinite-horizon optimal processesintertemporal allocation under uncertaintynon-stationary environmentsoptimal policy functions

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items

Duality between discounted and undiscounted models of optimal growth for a class of utility functions, Ruling out multiplicity of smooth equilibria in dynamic games: a hyperbolic discounting example, Existence in undiscounted non-stationary non-convex multisector environments, Recursive utility and optimal growth under uncertainty, Martingale analysis of dynamic tax incidence in a nonstationary growth model, Recursive utility, martingales, and the asymptotic behaviour of optimal processes, The stochastic turnpike property without uniformity in convex aggregate growth models

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
• Existence of optimal savings policies with imperfect information and non- convexities
• Measurable dependence of convex sets and functions on parameters
• Some Remarks on Optimal Growth with Intertemporally Dependent Preferences in the Neoclassical Model
• Markovian Decision Processes with Compact Action Spaces
• Discounted Dynamic Programming