Growth in the Robinson-Solow-Srinivasan model: Undiscounted optimal policy with a strictly concave welfare function

DOI10.1016/J.JMATECO.2006.09.001zbMath1135.91396OpenAlexW2035231901MaRDI QIDQ924932

Tapan Mitra, M. Ali Khan

Publication date: 29 May 2008

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

Full work available at URL: https://doi.org/10.1016/j.jmateco.2006.09.001

zbMATH Keywords

dynamic programmingoptimal policymonotone policygolden-rulelimited concavity of felicity functionvalue loss

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (3)

On the non-existence of optimal programs in the Robinson-Solow-Srinivasan (RSS) model ⋮ The random two-sector RSS model: on discounted optimal growth without Ramsey-Euler conditions ⋮ Fifty years of mathematical growth theory: classical topics and new trends

Cites Work

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• On characterizing optimal competitive programs in terms of decentralizable conditions
• Undiscounted optimal growth in the two-sector Robinson-Solow-Srinivasan model: a synthesis of the value-loss approach and dynamic programming
• Discounted optimal growth in a two-sector RSS model: a further geometric investigation
• Dynamic optimization in non-convex models with irreversible investment: Monotonicity and turnpike results
• Dynamic optimization on a non-convex feasible set: Some general results for non-smooth technologies
• Optimal Savings in a Two-Sector Model of Growth
• On Existence of Weakly Maximal Programmes in a Multi-Sector Economy

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