The Reproductive Value as Part of the Shadow Price of Population
AbstractThe reproductive value (see Fisher 1930) arises as part of the shadow price of the population in a large class of age-structured optimal control models.
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Bibliographic InfoPaper provided by Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna in its series Working Papers with number 1106.
Length: 10 pages
Date of creation: Apr 2011
Date of revision:
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Reproductive value; distributed optimal control theory; McKendrick equation; shadow price; indirect effect.;
Other versions of this item:
- Gustav Feichtinger & Michael Kuhn & Alexia Prskawetz & Stefan Wrzaczek, 2011. "The reproductive value as part of the shadow price of population," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 24(28), pages 709-718, May.
- J1 - Labor and Demographic Economics - - Demographic Economics
- Z0 - Other Special Topics - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-23 (All new papers)
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