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The comparative dynamics of closed-loop controls for discounted infinite horizon optimal control problems

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  • Caputo, Michael R.

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Article provided by Elsevier in its journal Journal of Economic Dynamics and Control.

Volume (Year): 27 (2003)
Issue (Month): 8 (June)
Pages: 1335-1365

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Handle: RePEc:eee:dyncon:v:27:y:2003:i:8:p:1335-1365

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References

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  1. Otani, Kiyoshi, 1982. "Explicit Formulae of Comparative Dynamics," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 23(2), pages 411-19, June.
  2. Caputo, Michael R, 1990. "Comparative Dynamics via Envelope Methods in Variational Calculus," Review of Economic Studies, Wiley Blackwell, vol. 57(4), pages 689-97, October.
  3. Galeotti, Marzio, 1996. " The Intertemporal Dimension of Neoclassical Production Theory," Journal of Economic Surveys, Wiley Blackwell, vol. 10(4), pages 421-60, December.
  4. Oniki, Hajime, 1973. "Comparative dynamics (sensitivity analysis) in optimal control theory," Journal of Economic Theory, Elsevier, vol. 6(3), pages 265-283, June.
  5. Caputo, Michael R., 1990. "How to do comparative dynamics on the back of an envelope in optimal control theory," Journal of Economic Dynamics and Control, Elsevier, vol. 14(3-4), pages 655-683, October.
  6. Pierre Lasserre & Pierre Ouellette, 1993. "Dynamic Factor Demands and Technology Measurement Under Arbitrary Expectations," Cahiers de recherche du Département des sciences économiques, UQAM 9509, Université du Québec à Montréal, Département des sciences économiques, revised Jul 1995.
  7. Epstein, Larry G, 1981. "Duality Theory and Functional Forms for Dynamic Factor Demands," Review of Economic Studies, Wiley Blackwell, vol. 48(1), pages 81-95, January.
  8. Michael Caputo, 1994. "The Slutsky matrix and homogeneity in intertemporal consumer theory," Journal of Economics, Springer, vol. 60(3), pages 255-279, October.
  9. Cooper, Russel J & McLaren, Keith R, 1980. "Atemporal, Temporal and Intertemporal Duality in Consumer Theory," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 21(3), pages 599-609, October.
  10. Caputo, Michael R., 1992. "Fundamental symmetries and qualitative properties in the adjustment cost model of the firm," Journal of Mathematical Economics, Elsevier, vol. 21(2), pages 99-112.
  11. Caputo, Michael R., 1992. "Comparative dynamics in the labor-managed model of the firm," Journal of Comparative Economics, Elsevier, vol. 16(2), pages 272-286, June.
  12. McLaren, Keith R & Cooper, Russel J, 1980. "Intertemporal Duality: Application to the Theory of the Firm," Econometrica, Econometric Society, vol. 48(7), pages 1755-62, November.
  13. Caputo, Michael R., 1990. "A qualitative characterization of the competitive nonrenewable resource extracting firm," Journal of Environmental Economics and Management, Elsevier, vol. 18(3), pages 206-226, May.
  14. Farzin, Y H, 1992. "The Time Path of Scarcity Rent in the Theory of Exhaustible Resources," Economic Journal, Royal Economic Society, vol. 102(413), pages 813-30, July.
  15. Silberberg, Eugene, 1974. "A revision of comparative statics methodology in economics, or, how to do comparative statics on the back of an envelope," Journal of Economic Theory, Elsevier, vol. 7(2), pages 159-172, February.
  16. LaFrance, Jeffrey T. & Barney, L. Dwayne, 1991. "The envelope theorem in dynamic optimization," Journal of Economic Dynamics and Control, Elsevier, vol. 15(2), pages 355-385, April.
  17. Epstein, Larry G & Denny, Michael G S, 1983. "The Multivariate Flexible Accelerator Model: Its Empirical Restrictions and an Application to U.S. Manufacturing," Econometrica, Econometric Society, vol. 51(3), pages 647-74, May.
  18. Caputo, Michael R, 1990. "New Qualitative Properties in the Competitive Nonrenewable Resource Extracting Model of the Firm," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 31(4), pages 829-39, November.
  19. Epstein, Larry G., 1982. "Comparative dynamics in the adjustment-cost model of the firm," Journal of Economic Theory, Elsevier, vol. 27(1), pages 77-100, June.
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Citations

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Cited by:
  1. Micahel Caputo & Chen Ling, 2012. "The Intrinsic Comparative Dynamics of Locally Differentiable Feedback Nash Equilibria of Autonomous and Exponentially Discounted Infinite Horizon Differential Games," Working Papers 2012-03, University of Central Florida, Department of Economics.
  2. Giuseppe Moscarini & Fabien Postel-Vinay, 2010. "Stochastic Search Equilibrium," Levine's Working Paper Archive 661465000000000001, David K. Levine.
  3. Caputo, Michael R., 2013. "The intrinsic comparative dynamics of infinite horizon optimal control problems with a time-varying discount rate and time-distance discounting," Journal of Economic Dynamics and Control, Elsevier, vol. 37(4), pages 810-820.
  4. Caputo, Michael R., 2011. "A nearly complete test of a capital accumulating, vertically integrated, nonrenewable resource extracting theory of a competitive firm," Resource and Energy Economics, Elsevier, vol. 33(3), pages 725-744, September.
  5. Eisenack, K. & Welsch, H. & Kropp, J.P., 2006. "A qualitative dynamical modelling approach to capital accumulation in unregulated fisheries," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2613-2636, December.
  6. Krysiak, Frank C., 2006. "Stochastic intertemporal duality: An application to investment under uncertainty," Journal of Economic Dynamics and Control, Elsevier, vol. 30(8), pages 1363-1387, August.
  7. Caputo, Michael R. & Paris, Quirino, 2013. "An intertemporal microeconomic theory of disembodied and price-induced technical progress," Economic Modelling, Elsevier, vol. 33(C), pages 631-640.
  8. Fenichel, Eli P. & Abbott, Joshua K., 2014. "Heterogeneity and the fragility of the first best: Putting the “micro” in bioeconomic models of recreational resources," Resource and Energy Economics, Elsevier, vol. 36(2), pages 351-369.

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