On the Phelps-Koopmans theorem

DOI10.1016/J.JET.2009.08.004zbMath1258.91119OpenAlexW2058928946MaRDI QIDQ413516

Debraj Ray, Tapan Mitra

Publication date: 7 May 2012

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

Full work available at URL: https://doi.org/10.1016/j.jet.2009.08.004

zbMATH Keywords

inefficiencycapital overaccumulationnonconvex production setPhelps-Koopmans theorem

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Economic dynamics (91B55)

Related Items (4)

Intertemporal equilibrium with financial asset and physical capital ⋮ Asset bubbles and efficiency in a generalized two-sector model ⋮ Introduction to economic growth ⋮ Equivalence of utilitarian maximal and weakly maximal programs

Cites Work

• Unnamed Item
• Intertemporal allocation with a non-convex technology: The aggregative framework
• Dynamic optimization on a non-convex feasible set: Some general results for non-smooth technologies
• Capital Accumulation and Efficient Allocation of Resources

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