On the minimum rate of impatience for complicated optimal growth paths

DOI10.1016/0022-0531(92)90074-RzbMath0751.90022OpenAlexW2009767790MaRDI QIDQ1183701

Gerhard Sorger

Publication date: 28 June 1992

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

Full work available at URL: https://doi.org/10.1016/0022-0531(92)90074-r

zbMATH Keywords

necessary optimality conditioncontinuous casediscrete time casediscounted optimal growth

Mathematics Subject Classification ID

Economic growth models (91B62)

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Cites Work

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• Sources of complex dynamics in two-sector growth models
• Competitive chaos
• On the indeterminacy of capital accumulation paths
• On the optimality of given feedback controls
• Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate
• Saddle points of Hamiltonian systems in convex problems of Lagrange
• A verification theorem which provides a necessary and sufficient condition for optimality
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