Good programs in the RSS model without concavity of a utility function
type: Item
instance of: scholarly article
title: Good programs in the RSS model without concavity of a utility function
zbMATH Open document ID: 1118.49027
published in: Journal of Industrial and Management Optimization
publication date: 2007-04-05T00:00:00Z
review text: The so-called RSS model is a problem of optimal economic growth in a model of economy formulated independently by \textit{Robinson} [Exercises in Economic Analysis, Mc Millan, London (1960)], \textit{Solow} [Review of Economic Studies 29, 207--218 (1962)] and \textit{Srinivasan} [Investment criteria and choice techniques of production, Yale Economic Essays 1, 207--218 (1962)]. The present paper considers a RSS model defined by a discrete time autonomous optimal control problem of mathematical economics and one proves that, even when one drops the assumption that the preference function is concave, one can obtain sufficient conditions for the existence of ``good'' programs.
Mathematics Subject Classification ID: 49M30
Mathematics Subject Classification ID: 49K27
Mathematics Subject Classification ID: 49J27
Mathematics Subject Classification ID: 91B62
zbMATH DE Number: 5140804
zbMATH Keywords: RSS model
zbMATH Keywords: good program
zbMATH Keywords: weakly maximal program
author: Alexander J. Zaslavski
reviewed by: Guy Jumarie
MaRDI profile type: Publication
full work available at URL: jimo.2006.2.399
OpenAlex ID: W2316913711
DOI: 10.3934/JIMO.2006.2.399
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description: scientific article; zbMATH DE number 5140804