An extension of Cass' characterization of infinite efficient production programs

DOI10.1016/0022-0531(75)90052-6zbMath0308.90013OpenAlexW2039523634MaRDI QIDQ1218784

David Gale, Lawrence M. Benveniste

Publication date: 1975

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

Full work available at URL: https://doi.org/10.1016/0022-0531(75)90052-6

Mathematics Subject Classification ID

Production models (90B30) Mathematical economics (91B99) Numerical methods in optimal control (49M99)

Related Items (12)

EFFICIENT RAMSEY EQUILIBRIA ⋮ Existence in undiscounted non-stationary non-convex multisector environments ⋮ Equilibrium and optimality: some imprints of David Gale ⋮ Nonshiftable capital, affine price expectations and convergence to the golden rule. ⋮ Characterizing efficiency in stochastic overlapping generations models ⋮ A complete characterization of efficiency for a general capital accumulation model ⋮ Identifying inefficiency in smooth aggregative models of economic growth ⋮ A note on efficient growth with irreversible investment and the Phelps- Koopmans theorem ⋮ Economic dynamics ⋮ Efficiency in one sector, discrete-time, infinite-horizon models ⋮ Dualizing optimization problems in mathematical economics ⋮ Dynamic efficiency in overlapping generations models with stochastic production

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