A uniform neighborhood turnpike theorem and applications
type: Item
instance of: scholarly article
title: A uniform neighborhood turnpike theorem and applications
zbMATH Open document ID: 0972.91069
DOI: 10.1016/S0304-4068(00)00039-2
author: César Leonardo Guerrero-Luchtenberg
published in: Journal of Mathematical Economics
publication date: 2000-12-21T00:00:00Z
review text: The paper presents two new neighborhood-type turnpike theorems within the framework of the quasi-stationary, constant technology, reduced growth model. In contrast to the standard turnpike theorems, these results show an uniform turnpike property for solutions of a dynamic optimization problem given by a family of felicity functions. Further an application is presented: when the discount factor tends to one then the chance of the observing chaotic behavior of the optimal solution tends to zero.
reviewed by: Emil Panek
Mathematics Subject Classification ID: 91B62
zbMATH DE Number: 1547601
zbMATH Keywords: optimal growth model turnpike
zbMATH Keywords: fecility functions
MaRDI profile type: Publication
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description: scientific article; zbMATH DE number 1547601