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Concepts of Optimality and Their Uses

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Lecture to the memory of Alfred Nobel, December 11, 1975

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File URL: http://cowles.econ.yale.edu/P/cd/d04a/d0421.pdf
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Bibliographic Info

Paper provided by Cowles Foundation for Research in Economics, Yale University in its series Cowles Foundation Discussion Papers with number 421.

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Length: 33 pages
Date of creation: 1976
Date of revision:
Publication status: Published in American Economic Review (June 1977), 67(3): 261-274
Handle: RePEc:cwl:cwldpp:421

Note: CFP 449.
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA

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References

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  1. Tjalling C. Koopmans, 1959. "Stationary Ordinal Utility and Impatience," Cowles Foundation Discussion Papers 81, Cowles Foundation for Research in Economics, Yale University.
  2. David Cass, 1964. "Optimum Economic Growth in an Aggregative Model of Capital Accumulation: A Turnpike Theorem," Cowles Foundation Discussion Papers 178, Cowles Foundation for Research in Economics, Yale University.
  3. Tjalling C. Koopmans, 1967. "Intertemporal Distribution and 'Optimal' Aggregate Economic Growth," Cowles Foundation Discussion Papers 228, Cowles Foundation for Research in Economics, Yale University.
  4. Dasgupta, Partha S, 1969. "On the Concept of Optimum Population," Review of Economic Studies, Wiley Blackwell, vol. 36(107), pages 295-318, July.
  5. Richard Beals & Tjalling C. Koopmans, 1967. "Maximizing Stationary Utility in a Constant Technology," Cowles Foundation Discussion Papers 229, Cowles Foundation for Research in Economics, Yale University.
  6. Peter A. Diamond & Tjalling C. Koopmans & Richard E. Williamson, 1962. "Stationary Utility and Time Preference," Cowles Foundation Discussion Papers 142, Cowles Foundation for Research in Economics, Yale University.
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Citations

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Cited by:
  1. Pezzey, John C.V. & Anderies, John M., 2001. "Some Further Economics Of Easter Island: Adding Subsistence And Resource Conservation," 2001 Conference (45th), January 23-25, 2001, Adelaide 125835, Australian Agricultural and Resource Economics Society.
  2. Barzin Pakandam, 2009. "Why Easter Island collapsed: an answer for an enduring question," Economic History Working Papers 27864, London School of Economics and Political Science, Department of Economic History.
  3. Shubik, Martin, 1990. "A game theoretic approach to the theory of money and financial institutions," Handbook of Monetary Economics, in: B. M. Friedman & F. H. Hahn (ed.), Handbook of Monetary Economics, edition 1, volume 1, chapter 5, pages 171-219 Elsevier.
  4. Martin Shubik, 2009. "Innovation and Equilibrium?," Levine's Working Paper Archive 814577000000000151, David K. Levine.
  5. Chatterjee A K & Mukherjee, Saral, . "Unified Concept of Bottleneck," IIMA Working Papers WP2006-05-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
  6. Pezzey, John C. V. & Anderies, John M., 2003. "The effect of subsistence on collapse and institutional adaptation in population-resource societies," Journal of Development Economics, Elsevier, vol. 72(1), pages 299-320, October.
  7. Vouvaki, Dimitra & Xepapadeas, Anastasios, 2008. "Changes in social welfare and sustainability: Theoretical issues and empirical evidence," Ecological Economics, Elsevier, vol. 67(3), pages 473-484, October.
  8. Dmitry Rokhlin, 2013. "On the game interpretation of a shadow price process in utility maximization problems under transaction costs," Finance and Stochastics, Springer, vol. 17(4), pages 819-838, October.
  9. Horsley, Anthony & Wrobel, Andrew J., 2007. "Profit-maximizing operation and valuation of hydroelectric plant: A new solution to the Koopmans problem," Journal of Economic Dynamics and Control, Elsevier, vol. 31(3), pages 938-970, March.
  10. Polterovich, V., 2012. "Kantorovich's Theory of Optimal Resource Allocation Within the History of Economic Thought," Journal of the New Economic Association, New Economic Association, vol. 13(1), pages 176-180.
  11. Anand, Sudhir & Sen, Amartya, 2000. "Human Development and Economic Sustainability," World Development, Elsevier, vol. 28(12), pages 2029-2049, December.
  12. Dmitry B. Rokhlin, 2011. "On the game interpretation of a shadow price process in utility maximization problems under transaction costs," Papers 1112.2406, arXiv.org, revised Dec 2011.
  13. Sidney G. Winter, 2002. "Toward an Evolutionary Theory of Production," LEM Papers Series 2002/27, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.

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