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A turnpike theorem for continuous-time optimal-control models

  • Montrucchio, Luigi

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File URL: http://www.sciencedirect.com/science/article/B6V85-3YB56M4-1J/2/7fb2947c46811bf93c9b4777984bb992
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Article provided by Elsevier in its journal Journal of Economic Dynamics and Control.

Volume (Year): 19 (1995)
Issue (Month): 3 (April)
Pages: 599-619

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Handle: RePEc:eee:dyncon:v:19:y:1995:i:3:p:599-619
Contact details of provider: Web page: http://www.elsevier.com/locate/jedc

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  1. Brock, William A. & Scheinkman, JoseA., 1976. "Global asymptotic stability of optimal control systems with applications to the theory of economic growth," Journal of Economic Theory, Elsevier, vol. 12(1), pages 164-190, February.
  2. Alexandre Scheinkman, Jose, 1976. "On optimal steady states of n-sector growth models when utility is discounted," Journal of Economic Theory, Elsevier, vol. 12(1), pages 11-30, February.
  3. McKenzie, Lionel W, 1976. "Turnpike Theory," Econometrica, Econometric Society, vol. 44(5), pages 841-65, September.
  4. Cass, David & Shell, Karl, 1976. "The structure and stability of competitive dynamical systems," Journal of Economic Theory, Elsevier, vol. 12(1), pages 31-70, February.
  5. Becker, Robert A. & Boyd, John III & Sung, Bom Yong, 1989. "Recursive utility and optimal capital accumulation. I. Existence," Journal of Economic Theory, Elsevier, vol. 47(1), pages 76-100, February.
  6. Magill, Michael J. P., 1977. "Some new results on the local stability of the process of capital accumulation," Journal of Economic Theory, Elsevier, vol. 15(1), pages 174-210, June.
  7. Montrucchio, Luigi, 1995. "A New Turnpike Theorem for Discounted Programs," Economic Theory, Springer, vol. 5(3), pages 371-82, May.
  8. Cartigny, Pierre & Venditti, Alain, 1994. "Turnpike theory : Some new results on the saddle point property of equilibria and on the existence of endogenous cycles," Journal of Economic Dynamics and Control, Elsevier, vol. 18(5), pages 957-974, September.
  9. Takekuma, Shin-Ichi, 1980. "A sensitivity analysis on optimal economic growth," Journal of Mathematical Economics, Elsevier, vol. 7(2), pages 193-208, July.
  10. Tyrrell Rockafellar, R., 1976. "Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate," Journal of Economic Theory, Elsevier, vol. 12(1), pages 71-113, February.
  11. Nairay, Alain, 1984. "Asymptotic behavior and optimal properties of a consumption-investment model with variable time preference," Journal of Economic Dynamics and Control, Elsevier, vol. 7(3), pages 283-313, September.
  12. Nishimura, Kiyohiko Giichi, 1981. "On uniqueness of a steady state and convergence of optimal paths in multisector models of optimal growth with a discount rate," Journal of Economic Theory, Elsevier, vol. 24(2), pages 157-167, April.
  13. Benhabib, Jess & Nishimura, Kazuo, 1979. "The hopf bifurcation and the existence and stability of closed orbits in multisector models of optimal economic growth," Journal of Economic Theory, Elsevier, vol. 21(3), pages 421-444, December.
  14. Benhabib, Jess & Rustichini, Aldo, 1990. "Equilibrium cycling with small discounting," Journal of Economic Theory, Elsevier, vol. 52(2), pages 423-432, December.
  15. Medio, Alfredo, 1987. "Oscillations in optimal growth models," Journal of Economic Behavior & Organization, Elsevier, vol. 8(3), pages 413-427, September.
  16. Montrucchio, L., 1988. "Dynamical Systems That Solve Continuous-Time Concave Optimization Problems Anything Goes," UFAE and IAE Working Papers 109-89, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  17. McKenzie, Lionel W., 1982. "A primal route to the Turnpike and Liapounov stability," Journal of Economic Theory, Elsevier, vol. 27(1), pages 194-209, June.
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