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Infinite-horizon competitive programs are optimal

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  • Swapan Dasgupta
  • Tapan Mitra

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  • Swapan Dasgupta & Tapan Mitra, 1999. "Infinite-horizon competitive programs are optimal," Journal of Economics, Springer, vol. 69(3), pages 217-238, October.
    • Handle: RePEc:kap:jeczfn:v:69:y:1999:i:3:p:217-238
    DOI: 10.1007/BF01231160
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    References listed on IDEAS

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    1. Swapan Dasgupta & Tapan Mitra, 2015. "Characterization of lntertemporal Optimality in Terms of Decentralizable Conditions: The Discounted Case," World Scientific Book Chapters, in: Mukul Majumdar (ed.), Decentralization in Infinite Horizon Economies, chapter 4, pages 58-71, World Scientific Publishing Co. Pte. Ltd..
    2. Mitra, Tapan & Wan, Henry Jr., 1986. "On the faustmann solution to the forest management problem," Journal of Economic Theory, Elsevier, vol. 40(2), pages 229-249, December.
    3. W. A. Brock, 1970. "On Existence of Weakly Maximal Programmes in a Multi-Sector Economy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 37(2), pages 275-280.
    4. McKenzie, Lionel W., 2005. "Optimal economic growth, turnpike theorems and comparative dynamics," Handbook of Mathematical Economics, in: K. J. Arrow & M.D. Intriligator (ed.), Handbook of Mathematical Economics, edition 2, volume 3, chapter 26, pages 1281-1355, Elsevier.
    5. Majumdar, Mukul, 1974. "Efficient programs in infinite dimensional spaces: A complete characterization," Journal of Economic Theory, Elsevier, vol. 7(4), pages 355-369, April.
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    Cited by:

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    2. E. Babaei & I.V. Evstigneev & K.R. Schenk-Hoppé & M.V. Zhitlukhin, 2018. "Von Neumann-Gale Dynamics and Capital Growth in Financial Markets with Frictions," Economics Discussion Paper Series 1815, Economics, The University of Manchester.
    3. Wen-Hsien Tsai & Hsiu-Li Lee & Chih-Hao Yang & Chung-Chen Huang, 2016. "Input-Output Analysis for Sustainability by Using DEA Method: A Comparison Study between European and Asian Countries," Sustainability, MDPI, vol. 8(12), pages 1-17, November.

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    More about this item

    Keywords

    optimal programs; competitive conditions; transversality condition; intertemporal decentralization; C61; D90; O41;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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