Duality between discounted and undiscounted models of optimal growth for a class of utility functions

DOI10.1016/0165-1765(94)90111-2zbMath0799.90028OpenAlexW1973626634MaRDI QIDQ1327972

Sumit Joshi

Publication date: 3 July 1994

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

Full work available at URL: https://doi.org/10.1016/0165-1765(94)90111-2

zbMATH Keywords

optimal growthdiscounted version of the optimal programhomogeneous felicity functions

Mathematics Subject Classification ID

Utility theory (91B16) Economic growth models (91B62)

Cites Work

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• Recursive utility and the Ramsey problem
• On the existence of optimal processes in non-stationary environments
• What do discounted optima converge to!: A theory of discount rate asymptotics in economic models
• Controlled semi-Markov models under long-run average rewards
• On Existence of Weakly Maximal Programmes in a Multi-Sector Economy