Intertemporal Duality: Application to the Theory of the Firm

DOI10.2307/1911933zbMath0449.90057OpenAlexW2023251600MaRDI QIDQ3896834

Keith R. McLaren, Russell J. Cooper

Publication date: 1980

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/1911933

zbMATH Keywords

optimal value functiontheory of the firmintertemporal dualityadjustment cost modelHotelling's lemmaintertemporal production- investment modeloptimal investment demand equationsquasi- profit function

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Operations research and management science (90B99)

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Optimal paths and costs of adjustment in dynamic DEA models: with application to Chilean department stores ⋮ A note on an intertemporal cost function for a class of dynamic problems ⋮ Consumption and investment demand when health evolves stochastically ⋮ The comparative dynamics of closed-loop controls for discounted infinite horizon optimal control problems ⋮ Stochastic intertemporal duality: an application to investment under uncertainty ⋮ Accounting for slacks to measure dynamic inefficiency in data envelopment analysis ⋮ The envelope theorem in dynamic optimization

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