Equilibrium turnpike theory with time-separable utility
type: Item
instance of: scholarly article
title: Equilibrium turnpike theory with time-separable utility
zbMATH Open document ID: 0712.90014
DOI: 10.1016/0165-1889(86)90003-5
author: Jeffrey L. Coles
publication date: 1986-01-01T00:00:00Z
review text: The object is to exhibit a turnpike property for intertemporal competitive equilibrium on a certain von Neumann type of model. With reference to \textit{T. F. Bewley} [J. Math. Econ. 10, 233-267 (1982; Zbl 0513.90012)] and \textit{M. Yano} [Int. Econ. Rev. 25, 695-717 (1984; Zbl 0582.90016)], the model has added generality in that it permits variable time-separable utility functions, variable discount rates for consumers, and a weakening of assumptions about production. Methods of \textit{L. W. McKenzie} [J. Econ. Theory 30, 330-352 (1983; Zbl 0519.90026)] are exploited.
Mathematics Subject Classification ID: 91B62
Mathematics Subject Classification ID: 91B50
Mathematics Subject Classification ID: 91B16
zbMATH DE Number: 4172707
zbMATH Keywords: turnpike property
zbMATH Keywords: intertemporal competitive equilibrium
zbMATH Keywords: variable time- separable utility functions
MaRDI profile type: Publication
full work available at URL: 0165-1889(86)90003-5
OpenAlex ID: W2000066608
cites work: Q5722776
cites work: An integration of equilibrium theory and turnpike theory
cites work: Equilibrium Turnpike Theory with Constant Returns to Scale and Possibly Heterogeneous Discount Factors
cites work: Turnpike theory, discounted utility, and the von Neumann facet
cites work: Q3751327
cites work: The modified golden rule of a multi-sector economy
cites work: Competitive Equilibria on Turnpikes in a Mckenzie Economy, I: A Neighborhood Turnpike Theorem
published in: Journal of Economic Dynamics and Control
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description: scientific article; zbMATH DE number 4172707