Optimal Consumption in a Growth Model with the CES Production Function

DOI10.1080/07362990701540444zbMath1125.60051OpenAlexW2004295210MaRDI QIDQ5421606

A. B. M. A. Sobhan Miah, Md. Azizul Baten

Publication date: 24 October 2007

Published in: Stochastic Analysis and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/07362990701540444

zbMATH Keywords

viscosity solutionsgrowth modelsstochastic ordinary differential equationsdynamic economic models

Mathematics Subject Classification ID

Stochastic ordinary differential equations (aspects of stochastic analysis) (60H10) Economic growth models (91B62) Viscosity solutions to Hamilton-Jacobi equations in optimal control and differential games (49L25)

Related Items (4)

Some results on Bellman equations of optimal production control in a stochastic manufacturing system ⋮ Optimal consumption in a stochastic Ramsey model with Cobb-Douglas production function ⋮ Optimal Production Control in Stochastic Manufacturing Systems with Degenerate Demand ⋮ Uniqueness of solution of production control problem in a manufacturing system with degenerate demand

Cites Work

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• Optimization and nonsmooth analysis
• An Asymptotic Theory of Growth Under Uncertainty
• OPTIMAL EXPLOITATION OF RENEWABLE RESOURCES BY THE VISCOSITY SOLUTION METHOD

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