Does optimal growth preclude chaos? A theorem on monotonicity

DOI10.1007/BF01283964zbMath0548.90016MaRDI QIDQ3340467

W. Davis Dechert

Publication date: 1984

Published in: Zeitschrift für Nationalökonomie (Search for Journal in Brave)

zbMATH Keywords

monotonicity theoremintertemporal utility maximizationchaotic growthoptimal sequence of output levels

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Economic growth models (91B62)

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Cites Work

• A complete characterization of optimal growth paths in an aggregated model with a non-concave production function
• Sensitivity of optimal programs with respect to changes in target stocks: The case of irreversible investment
• Intertemporal allocation with a non-convex technology: The aggregative framework
• Sensitivity of optimal growth paths
• Dynamic optimization in non-convex models with irreversible investment: Monotonicity and turnpike results
• Period Three Implies Chaos