Turnpike theory. Some new results on the saddle point property of equilibria and on the existence of endogenous cycles

DOI10.1016/0165-1889(94)90040-XzbMath0823.90011OpenAlexW1599775590MaRDI QIDQ1330873

Alain Venditti, Pierre Cartigny

Publication date: 10 August 1994

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(94)90040-x

zbMATH Keywords

unstable systemsendogeneous business cyclesturnpike theoremsneo-classical growth modelsaddle point instability of equilibria

Mathematics Subject Classification ID

Lyapunov and other classical stabilities (Lagrange, Poisson, (L^p, l^p), etc.) in control theory (93D05) Economic growth models (91B62)

Related Items (5)

Saddle-point dynamics in non-autonomous models of multisector growth with variable returns to scale ⋮ Strong concavity properties of indirect utility functions in multisector optimal growth models ⋮ Competitive equilibrium cycles for small discounting in discrete-time two-sector optimal growth models ⋮ A turnpike theorem for continuous-time optimal-control models ⋮ Growth dynamics and returns to scale: Bifurcation analysis

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