Optimal growth models and the Lagrange multiplier

DOI10.1016/j.jmateco.2003.10.002zbMath1122.91351OpenAlexW2141169227MaRDI QIDQ1877828

Cuong Le Van, H. Cagri Saglam

Publication date: 19 August 2004

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2003.10.002

zbMATH Keywords

Lagrange multipliersOptimal growth

Mathematics Subject Classification ID

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

Related Items

EXISTENCE OF COMPETITIVE EQUILIBRIUM IN AN OPTIMAL GROWTH MODEL WITH HETEROGENEOUS AGENTS AND ENDOGENOUS LEISURE ⋮ REVISITING THE OPTIMAL STATIONARY PUBLIC INVESTMENT POLICY IN ENDOGENOUS GROWTH ECONOMIES ⋮ A survey of average cost problems in deterministic discrete-time control systems ⋮ A two sector endogenous growth model with habit formation ⋮ General existence of competitive equilibrium in the growth model with an endogenous labor-leisure choice ⋮ Strategic growth with recursive preferences: decreasing marginal impatience ⋮ Pontryagin principles for bounded discrete-time processes ⋮ Pontryagin’s Principle for a Class of Discrete Time Infinite Horizon Optimal Growth Problems

Cites Work

• Optimal growth models with bounded or unbounded returns: A unifying approach
• A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
• A note on the existence of Lagrange multipliers
• Optimal growth and Pareto optimality
• Lagrange multipliers in infinite horizon discrete time optimal control models
• Structure of Pareto optima in an infinite-horizon economy where agents have recursive preferences
• Dynamic programming with homogeneous functions
• Lagrange multipliers in incentive-constrained problems
• Dynamic programming in economics.
• Transversality Conditions for Some Infinite Horizon Discrete Time Optimization Problems
• NEW PROOF OF THE EXISTENCE OF EQUILIBRIUM IN A SINGLE-SECTOR GROWTH MODEL
• Duality Theory for Infinite Horizon Convex Models
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item

This page was built for publication: Optimal growth models and the Lagrange multiplier