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The Reproductive Value as Part of the Shadow Price of Population

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Author Info

  • Gustav Feichtinger
  • Michael Kuhn
  • Alexia Prskawetz
  • Stefan Wrzaczek

Abstract

The 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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File URL: http://www.oeaw.ac.at/vid/download/WP2011_06.pdf
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Bibliographic Info

Paper provided by Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna in its series Working Papers with number 1106.

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Length: 10 pages
Date of creation: Apr 2011
Date of revision:
Handle: RePEc:vid:wpaper:1106

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Web page: http://www.oeaw.ac.at/vid/

Related research

Keywords: Reproductive value; distributed optimal control theory; McKendrick equation; shadow price; indirect effect.;

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Cited by:
  1. Maria Rita Testa & Stuart Basten, 2012. "Have Lifetime Fertility Intentions Declined During the “Great Recession”?," Working Papers 1209, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna.
  2. Theresa Grafeneder-Weissteiner & Ingrid Kubin & Klaus Prettner & Alexia Prskawetz & Stefan Wrzaczek, 2012. "Coping with Inefficiencies in a New Economic Geography Model," Working Papers 1204, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna.

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