Stochastic growth when utility depend on both consumption and the stock level

DOI10.1007/BF01212031zbMath0823.90016MaRDI QIDQ1341529

Yaw Nyarko, Lars J. Olson

Publication date: 5 January 1995

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

zbMATH Keywords

optimal consumptionaggregate stochastic growth modelgrowth with public capitalinvestment policies

Mathematics Subject Classification ID

Economic growth models (91B62) Stochastic systems in control theory (general) (93E03)

Related Items (1)

Controlling a biological invasion: a non-classical dynamic economic model

Cites Work

• Competitive equilibrium cycles
• Capital accumulation and the optimization of renewable resource models
• Stochastic dynamic models with stock-dependent rewards
• On optimal growth under uncertainty
• Characterizing optimal policies in a one-sector model of economic growth under uncertainty
• Estimation of Demand Systems Generated by the Gorman Polar Form; A Generalization of the S-Branch Utility Tree
• Optimal Economic Growth and Wealth Effects

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