Differentiability of the value function of nonclassical optimal growth models

DOI10.1023/A:1022690009338zbMath0908.90040OpenAlexW113968951MaRDI QIDQ1265021

K. Askri, Cuong Le Van

Publication date: 28 February 1999

Published in: Journal of Optimization Theory and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1023/a:1022690009338

zbMATH Keywords

Bellman equationsupermodularitylatticesgeneralized gradientsoptimal growth modelsTopkis theorem

Mathematics Subject Classification ID

Nonsmooth analysis (49J52) Economic growth models (91B62)

Related Items

Non-convex aggregate technology and optimal economic growth ⋮ Stochastic optimal growth with nonconvexities ⋮ A nonsmooth approach to envelope theorems ⋮ Differentiability of the value function in continuous-time economic models ⋮ Generalized envelope theorems: applications to dynamic programming ⋮ Existence, optimality and dynamics of equilibria with endogenous time preference ⋮ Subdifferentials of Nonconvex Integral Functionals in Banach Spaces with Applications to Stochastic Dynamic Programming

Cites Work

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• Minimizing a Submodular Function on a Lattice
• State Constraints in Convex Control Problems of Bolza