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An existence criterion for models of resource allocation over an infinite horizon

โœ Scribed by Michael J.P. Magill


Book ID
116098868
Publisher
Elsevier Science
Year
1980
Tongue
English
Weight
272 KB
Volume
5
Category
Article
ISSN
0165-1765

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โœ Nikolaos S. Papageorgiou ๐Ÿ“‚ Article ๐Ÿ“… 1992 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 633 KB

## Abetract-ln this paper, we examine a model of optimal economic growth with infhrite continuous time plannin g horizon, convex technology and an aggregate discounted utility. First, we establish the existence of optimal capital accumulation paths, and then we study their variations as well as th