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Lionel W. McKenzie

(deceased)

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. L. W. McKenzie, 2010. "The Classical Theorem on Existence of Competitive Equilibrium," Levine's Working Paper Archive 1388, David K. Levine.

    Cited by:

    1. Weerachart T. Kilenthong & Robert M. Townsend, 2014. "A Market Based Solution to Price Externalities: A Generalized Framework," NBER Working Papers 20275, National Bureau of Economic Research, Inc.
    2. Florig, Michael, 2001. "Hierarchic competitive equilibria," Journal of Mathematical Economics, Elsevier, vol. 35(4), pages 515-546, July.
    3. Jean-Marc Bonnisseau & Elena del Mercato & Paolo Siconolfi, 2023. "Existence of an equilibrium in arrowian markets for consumption externalities," PSE-Ecole d'économie de Paris (Postprint) halshs-04205853, HAL.
    4. Chiaki Hara, 2006. "An equilibrium existence theorem for atomless economies without the monotonicity assumption," Economics Bulletin, AccessEcon, vol. 4(34), pages 1-5.
    5. Gabriel P. Andrade & Rafael Frongillo & Elliot Gorokhovsky & Sharadha Srinivasan, 2021. "Graphical Economies with Resale," Papers 2106.14397, arXiv.org.
    6. Ostroy, Joseph M., 1984. "On the existence of walrasian equilibrium in large-square economies," Journal of Mathematical Economics, Elsevier, vol. 13(2), pages 143-163, October.
    7. Sun, Ning & Trockel, Walter & Yang, Zaifu, 2008. "Competitive outcomes and endogenous coalition formation in an n-person game," Journal of Mathematical Economics, Elsevier, vol. 44(7-8), pages 853-860, July.
    8. Camelia Bejan & Florin Bidian, 2012. "Ownership structure and efficiency in large economies," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 50(3), pages 571-602, August.
    9. Andreas Hornstein & Edward C. Prescott, 1989. "The firm and the plant in general equilibrium theory," Staff Report 126, Federal Reserve Bank of Minneapolis.
    10. Lengwiler, Yvan, 1998. "Endogenous endowments and equilibrium starvation in a Walrasian economy," Journal of Mathematical Economics, Elsevier, vol. 30(1), pages 37-58, August.
    11. Charalambos Aliprantis & Kim Border & Owen Burkinshaw, 1996. "Market economies with many commodities," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 19(1), pages 113-185, March.
    12. Aliprantis, Charalambos D. & Border, Kim C. & Burkinshaw, Owen, 1997. "Economies with Many Commodities," Journal of Economic Theory, Elsevier, vol. 74(1), pages 62-105, May.
    13. M. Ali Khan & Metin Uyan{i}k, 2018. "Topological Connectedness and Behavioral Assumptions on Preferences: A Two-Way Relationship," Papers 1810.02004, arXiv.org, revised Oct 2018.
    14. Bitros, George C., 2021. "Destabilizing asymmetries in central banking: With some enlightenment from money in classical Athens," The Journal of Economic Asymmetries, Elsevier, vol. 23(C).
    15. Fofana, Ismaël & Badiane, Ousmane & Camara, Alhassane & Goundan, Anatole, 2018. "Groundnut export tax in Senegal: Winners and losers," IFPRI discussion papers 1757, International Food Policy Research Institute (IFPRI).
    16. Anil K. Jain & Robert M. Townsend, 2021. "The economics of platforms in a Walrasian framework," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(3), pages 877-924, April.
    17. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875.
    18. Earl L. Grinols & Peri Silva, 2008. "Rules of Origin and Gains from Trade," Development Working Papers 249, Centro Studi Luca d'Agliano, University of Milano.
    19. Joao Correia-da-Silva & Carlos Herves-Beloso, 2008. "General equilibrium with private state verification," Levine's Working Paper Archive 814577000000000024, David K. Levine.
    20. Michele Boldrin & David K Levine, 2005. "Perfectly Competitive Innovation (Growth)," Levine's Working Paper Archive 122247000000000886, David K. Levine.
    21. Joao Correia-da-Silva, 2009. "Uncertain delivery in markets for lemons," FEP Working Papers 310, Universidade do Porto, Faculdade de Economia do Porto.
    22. Podczeck, Konrad, 1996. "Equilibria in vector lattices without ordered preferences or uniform properness," Journal of Mathematical Economics, Elsevier, vol. 25(4), pages 465-485.
    23. Paul Weithman, 2023. "Fixed points and well-ordered societies," Politics, Philosophy & Economics, , vol. 22(2), pages 197-212, May.
    24. Maxfield, Robert R., 1997. "General equilibrium and the theory of directed graphs," Journal of Mathematical Economics, Elsevier, vol. 27(1), pages 23-51, February.
    25. Yamazaki, Akira & 山崎, 昭, 2001. "On a Problem of Proving the Existence of an Equilibrium in a Large Economy without Free Disposal: A problem of a purely finitely additive measure arising from the Fatou's lemma in several dimensions," Discussion Papers 2000-10, Graduate School of Economics, Hitotsubashi University.
    26. M. Ali Khan & Metin Uyanik, 2021. "The Yannelis–Prabhakar theorem on upper semi-continuous selections in paracompact spaces: extensions and applications," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(3), pages 799-840, April.
    27. Cole, Harold L. & Prescott, Edward C., 1997. "Valuation Equilibrium with Clubs," Journal of Economic Theory, Elsevier, vol. 74(1), pages 19-39, May.
    28. Yano, Makoto, 1984. "The turnpike of dynamic general equilibrium paths and its insensitivity to initial conditions," Journal of Mathematical Economics, Elsevier, vol. 13(3), pages 235-254, December.
    29. Hara, C., 2004. "Existence of Equilibria and Core Convergence in Economies with Bads," Cambridge Working Papers in Economics 0413, Faculty of Economics, University of Cambridge.
    30. Donald J. Brown & Charalambos Aliprantis & Owen Burkinshaw, 1987. "Valuation and Optimality in Exchange Economies with a Countable Number of Agents," Cowles Foundation Discussion Papers 838, Cowles Foundation for Research in Economics, Yale University.
    31. Edward C. Prescott, 2002. "Prosperity and Depression: 2002 Richard T. Ely Lecture," Working Papers 618, Federal Reserve Bank of Minneapolis.
    32. Coleman, Wilbur John, II, 1991. "Equilibrium in a Production Economy with an Income Tax," Econometrica, Econometric Society, vol. 59(4), pages 1091-1104, July.
    33. Anil K. Jain & Robert M. Townsend, 2020. "The Economics of Platforms in a Walrasian Framework," International Finance Discussion Papers 1280, Board of Governors of the Federal Reserve System (U.S.).
    34. E. Roy Weintraub, 2011. "Retrospectives: Lionel W. McKenzie and the Proof of the Existence of a Competitive Equilibrium," Journal of Economic Perspectives, American Economic Association, vol. 25(2), pages 199-215, Spring.
    35. Allouch, Nizar, 2002. "An equilibrium existence result with short selling," Journal of Mathematical Economics, Elsevier, vol. 37(2), pages 81-94, April.
    36. Antonio Nicita & Matteo Rizzolli & Maria Alessandra Rossi, 2007. "IP Law and Antitrust Law Complementarity when Property Rights are Incomplete," Department of Economics University of Siena 509, Department of Economics, University of Siena.
    37. Edward Simpson Prescott & Robert M. Townsend, 2000. "Firms as clubs in Walrasian markets with private information," Working Paper 00-08, Federal Reserve Bank of Richmond.
    38. Baldry, Ruth & Ghosal, Sayantan, 2005. "Irreducible economies and strongly connected graphs," Journal of Mathematical Economics, Elsevier, vol. 41(8), pages 937-956, December.
    39. Shuntian Yao & Ke Li, 2008. "Economic Networking And Stability," Pacific Economic Review, Wiley Blackwell, vol. 13(5), pages 632-640, December.
    40. Essossinam Ali & Nimonka Bayale, 2024. "Impact of Public Agricultural Investment on Crops Production, Households’ Welfare, and Employment Generation Opportunities in Togo, West Africa," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 36(1), pages 161-193, February.
    41. Camelia Bejan, 2008. "The objective of a privately owned firm under imperfect competition," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(1), pages 99-118, October.
    42. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.

  2. L. W. McKenzie, 2010. "Turnpike Theory," Levine's Working Paper Archive 1389, David K. Levine.

    Cited by:

    1. Joshi, Sumit, 2003. "The stochastic turnpike property without uniformity in convex aggregate growth models," Journal of Economic Dynamics and Control, Elsevier, vol. 27(7), pages 1289-1315, May.
    2. Nishimura, Kazuo & Ohyama, Michihiro, 1995. "External debt cycles," Structural Change and Economic Dynamics, Elsevier, vol. 6(2), pages 215-236, June.
    3. Dai, Darong, 2011. "Modeling the minimum time needed to economic maturity," MPRA Paper 40583, University Library of Munich, Germany, revised 08 Aug 2012.
    4. Li, Wu, 2010. "Cobb-Douglas生产函数和效用函数下的均衡分析 [An Equilibrium Analysis under Cobb-Douglas Production and Utility Functions]," MPRA Paper 23070, University Library of Munich, Germany.
    5. Jensen, Martin Kaae, 2006. "On unbounded growth with heterogenous consumers," Journal of Mathematical Economics, Elsevier, vol. 42(7-8), pages 807-826, November.
    6. Lilia Maliar & Serguei Maliar & John B. Taylor & Inna Tsener, 2020. "A tractable framework for analyzing a class of nonstationary Markov models," Quantitative Economics, Econometric Society, vol. 11(4), pages 1289-1323, November.
    7. Michele Boldrin, 1988. "Persistent Oscillations and Chaos in Dynamic Economic Models: Notes for a Survey," UCLA Economics Working Papers 458A, UCLA Department of Economics.
    8. Lars J. Olson & Santanu Roy, 2006. "Theory of Stochastic Optimal Economic Growth," Springer Books, in: Rose-Anne Dana & Cuong Le Van & Tapan Mitra & Kazuo Nishimura (ed.), Handbook on Optimal Growth 1, chapter 11, pages 297-335, Springer.
    9. Athanasios Yannacopoulos & Anastasios Xepapadeas & William Brock, 2012. "Optimal Agglomerations in Dynamic Economics," DEOS Working Papers 1217, Athens University of Economics and Business.
    10. Khan, Ali & Zaslavski, Alexander J., 2007. "On a uniform turnpike of the third kind in the Robinson-Solow-Srinivasan model," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 641, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    11. Fershtman, Chaim & Muller, Eitan, 1986. "Turnpike properties of capital accumulation games," Journal of Economic Theory, Elsevier, vol. 38(1), pages 167-177, February.
    12. Park, Hyun & Philippopoulos, Apostolis, 2002. "Dynamics Of Taxes, Public Services, And Endogenous Growth," Macroeconomic Dynamics, Cambridge University Press, vol. 6(2), pages 187-201, April.
    13. Timothy J. Kehoe & David K. Levine & Andreu Mas-Colell & Michael Woodford, 1991. "Gross Substitutes in Large Square Economics," Levine's Working Paper Archive 2057, David K. Levine.
    14. Joshi, Sumit, 1997. "Existence in undiscounted non-stationary non-convex multisector environments," Journal of Mathematical Economics, Elsevier, vol. 28(1), pages 111-126, August.
    15. Serguei Maliar & John Taylor & Lilia Maliar, 2016. "The Impact of Alternative Transitions to Normalized Monetary Policy," 2016 Meeting Papers 794, Society for Economic Dynamics.
    16. Shubik, Martin & Sudderth, William D., 2015. "From General Equilibrium to Schumpeter," Journal of Economic Dynamics and Control, Elsevier, vol. 61(C), pages 269-282.
    17. Joshi, Sumit, 1995. "Recursive utility and optimal growth under uncertainty," Journal of Mathematical Economics, Elsevier, vol. 24(6), pages 601-617.
    18. Majumdar, Mukul, 2009. "Equilibrium and optimality: Some imprints of David Gale," Games and Economic Behavior, Elsevier, vol. 66(2), pages 607-626, July.
    19. M. Ali Khan & Adriana Piazzaz, 2009. "Classical Turnpike Theory and the Economics of Forestry," Discussion Papers Series 397, School of Economics, University of Queensland, Australia.
    20. Kirill Borissov & Thierry Bréchet & Stéphane Lambrecht, 2012. "Environmental Maintenance in a Dynamic Model with Heterogenous Agents," Working Papers hal-00989799, HAL.
    21. Boussard, Jean-Marc, 1985. "Changing Environment and Structural Heterogeneity in Agriculture," 1985 Conference, August 26-September 4, 1985, Malaga, Spain 182616, International Association of Agricultural Economists.
    22. Tavani, Daniele, 2008. "Optimal Induced Innovation and Growth with Congestion of a Limited Natural Resource," MPRA Paper 11525, University Library of Munich, Germany.
    23. Michael J. P. Magill, 1978. "On Cyclical Motion in Dynamic Economics," Discussion Papers 334, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    24. Dai, Darong, 2012. "A Robust Turnpike Deduced by Economic Maturity," MPRA Paper 48818, University Library of Munich, Germany.
    25. Dai, Darong, 2011. "Modeling the minimum time needed to economic maturity," MPRA Paper 40386, University Library of Munich, Germany, revised 31 Jul 2012.
    26. M. Khan & Alexander Zaslavski, 2010. "On locally optimal programs in the Robinson–Solow–Srinivasan model," Journal of Economics, Springer, vol. 99(1), pages 65-92, February.
    27. Ghiglino, C. & Tvede, M., 1999. "Optimal Policy in OG Models," Papers 99-23, Carleton - School of Public Administration.
    28. Tangian, Andranik, 2009. "Six families of flexicurity indicators developed at the Hans Boeckler Foundation," WSI Working Papers 168, The Institute of Economic and Social Research (WSI), Hans Böckler Foundation.
    29. Wolff, Reiner, 1997. "Saddle-point dynamics in non-autonomous models of multisector growth with variable returns to scale," Journal of Mathematical Economics, Elsevier, vol. 27(3), pages 267-282, April.
    30. Vassili Kolokoltsov & Wei Yang, 2012. "Turnpike Theorems for Markov Games," Dynamic Games and Applications, Springer, vol. 2(3), pages 294-312, September.
    31. Joshi, Sumit, 2007. "Asymmetric outcome in a symmetric dynamic duopoly," Journal of Economic Dynamics and Control, Elsevier, vol. 31(2), pages 531-555, February.
    32. Gerlagh, Reyer & Keyzer, Michiel A., 2004. "Path-dependence in a Ramsey model with resource amenities and limited regeneration," Journal of Economic Dynamics and Control, Elsevier, vol. 28(6), pages 1159-1184, March.
    33. Urmee Khan & Maxwell B Stinchcombe, 2016. "Planning for the Long Run: Programming with Patient, Pareto Responsive Preferences," Working Papers 201608, University of California at Riverside, Department of Economics.
    34. Darong Dai, 2015. "Robust Turnpikes Deduced by the Minimum-Time Needed toward Economic Maturity," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 9(1), pages 049-073, October.
    35. Dai, Darong, 2012. "Comparative Studies on Cooperative Stochastic Differential Game and Dynamic Sequential Game of Economic Maturity," MPRA Paper 44339, University Library of Munich, Germany.
    36. Darong Dai, 2013. "Wealth Martingale and Neighborhood Turnpike Property In Dynamically Complete Market With Heterogeneous Investors," Economic Research Guardian, Weissberg Publishing, vol. 3(2), pages 86-110, December.
    37. Truman Bewley, 2010. "An Integration of Equilibrium Theory and Turnpike Theory," Levine's Working Paper Archive 1381, David K. Levine.
    38. Y. Tsur & A. Zemel, 2007. "On the Dynamics of Knowledge-Based Economic Growth," Journal of Optimization Theory and Applications, Springer, vol. 135(1), pages 101-115, October.
    39. Dai, Darong, 2011. "Wealth Martingale and Neighborhood Turnpike Property in Dynamically Complete Market with Heterogeneous Investors," MPRA Paper 46416, University Library of Munich, Germany.
    40. Lilia Maliar & Serguei Maliar, 2016. "Ruling Out Multiplicity of Smooth Equilibria in Dynamic Games: A Hyperbolic Discounting Example," Dynamic Games and Applications, Springer, vol. 6(2), pages 243-261, June.
    41. Yano, Makoto, 1984. "The turnpike of dynamic general equilibrium paths and its insensitivity to initial conditions," Journal of Mathematical Economics, Elsevier, vol. 13(3), pages 235-254, December.
    42. Joshi, Sumit & Vonortas, Nicholas S., 2001. "Convergence to symmetry in dynamic strategic models of R&D: The undiscounted case," Journal of Economic Dynamics and Control, Elsevier, vol. 25(12), pages 1881-1897, December.
    43. Brock,W.A. & Durlauf,S.N., 2004. "Local robustness analysis : theory and application," Working papers 22, Wisconsin Madison - Social Systems.
    44. McKenzie, L., 1999. "The First Conferences on the Theory of Economic Growth," RCER Working Papers 459, University of Rochester - Center for Economic Research (RCER).
    45. Li, Wu, 2008. "A multi-agent growth model based on the von Neumann-Leontief framework," MPRA Paper 11302, University Library of Munich, Germany.
    46. Li, Wu, 2010. "A Study on Dynamic General Equilibrium under the Classical Growth Framework," MPRA Paper 25540, University Library of Munich, Germany.
    47. Montrucchio, Luigi, 1995. "A turnpike theorem for continuous-time optimal-control models," Journal of Economic Dynamics and Control, Elsevier, vol. 19(3), pages 599-619, April.
    48. Virtue Ekhosuehi & Wilfred A. Iguodala & Augustine A. Osagiede, 2016. "Financing university education in Nigeria. A proposal for infrastructure replenishment in universities," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 26(4), pages 33-47.
    49. Epstein, Larry G., 1987. "A simple dynamic general equilibrium model," Journal of Economic Theory, Elsevier, vol. 41(1), pages 68-95, February.
    50. Zhujun Liu & Jiuping Xu & Bernard Han, 2013. "Small- and medium-sized enterprise post-disaster reconstruction management patterns and application," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 68(2), pages 809-835, September.
    51. Makoto Yano, 1990. "Von neumann facets and the dynamic stability of perfect foresight equilibrium paths in neo-classical trade models," Journal of Economics, Springer, vol. 51(1), pages 27-69, February.
    52. Boldrin Michele & Montrucchio Luigi, 1995. "Acyclicity and Dynamic Stability: Generalizations and Applications," Journal of Economic Theory, Elsevier, vol. 65(2), pages 303-326, April.
    53. Kyn, Oldrich, 1967. "Strukturální modely růstu," MPRA Paper 39, University Library of Munich, Germany.
    54. Pedro de Mendonça, 2013. "Nonlinear Phenomena in a Growing Economy with Convex Adjustment Costs," EERI Research Paper Series EERI RP 2013/05, Economics and Econometrics Research Institute (EERI), Brussels.
    55. Joël Blot & Bertrand Crettez, 2007. "On the smoothness of optimal paths II: some local turnpike results," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 30(2), pages 137-150, November.
    56. Michele Boldrin, 1988. "Paths of Optimal Accumulation in Two-Sector Models," UCLA Economics Working Papers 464, UCLA Department of Economics.
    57. Darong Dai, 2012. "Stochastic Versions of Turnpike Theorems in the Sense of Uniform Topology," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 381-423, November.

  3. McKenzie, L.W., 1998. "Turnpikes," RCER Working Papers 447, University of Rochester - Center for Economic Research (RCER).

    Cited by:

    1. Igor Evstigneev & Michael Taksar, 2006. "Dynamic interaction models of economic equilibrium," Economics Discussion Paper Series 0623, Economics, The University of Manchester.
    2. Joshi, Sumit, 2003. "The stochastic turnpike property without uniformity in convex aggregate growth models," Journal of Economic Dynamics and Control, Elsevier, vol. 27(7), pages 1289-1315, May.
    3. Jensen, Martin Kaae, 2012. "Global stability and the “turnpike” in optimal unbounded growth models," Journal of Economic Theory, Elsevier, vol. 147(2), pages 802-832.
    4. Lars J. Olson & Santanu Roy, 2006. "Theory of Stochastic Optimal Economic Growth," Springer Books, in: Rose-Anne Dana & Cuong Le Van & Tapan Mitra & Kazuo Nishimura (ed.), Handbook on Optimal Growth 1, chapter 11, pages 297-335, Springer.
    5. Nishimura, Kazuo & Stachurski, John, 2007. "Stochastic optimal policies when the discount rate vanishes," Journal of Economic Dynamics and Control, Elsevier, vol. 31(4), pages 1416-1430, April.
    6. Freni, Giuseppe & Gozzi, Fausto & Pignotti, Cristina, 2008. "Optimal strategies in linear multisector models: Value function and optimality conditions," Journal of Mathematical Economics, Elsevier, vol. 44(1), pages 55-86, January.
    7. Khan, Ali & Zaslavski, Alexander J., 2007. "On a uniform turnpike of the third kind in the Robinson-Solow-Srinivasan model," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 641, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    8. Dai, Darong, 2011. "Modeling the minimum time needed to economic maturity," MPRA Paper 40386, University Library of Munich, Germany, revised 31 Jul 2012.
    9. I. V. Evstigneev & M. I. Taksar, 2001. "Stochastic Economies with Locally Interacting Agents," Working Papers 01-03-018, Santa Fe Institute.
    10. Vassili Kolokoltsov & Wei Yang, 2012. "Turnpike Theorems for Markov Games," Dynamic Games and Applications, Springer, vol. 2(3), pages 294-312, September.
    11. Giuseppe Freni & Fausto Gozzi & Neri Salvadori, 2004. "Existence of Optimal Strategies in linear Multisector Models," Discussion Papers 2004/29, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    12. Darong Dai, 2013. "Wealth Martingale and Neighborhood Turnpike Property In Dynamically Complete Market With Heterogeneous Investors," Economic Research Guardian, Weissberg Publishing, vol. 3(2), pages 86-110, December.
    13. Ghiglino, Christian, 2002. "Introduction to a General Equilibrium Approach to Economic Growth," Journal of Economic Theory, Elsevier, vol. 105(1), pages 1-17, July.
    14. Amir, Rabah & Evstigneev, Igor, 1999. "Stochastic Version Of Polterovich'S Model: Exponential Turnpike Theorems For Equilibrium Paths," Macroeconomic Dynamics, Cambridge University Press, vol. 3(2), pages 149-166, June.
    15. Daron Acemoglu & Veronica Guerrieri, 2008. "Capital Deepening and Nonbalanced Economic Growth," Journal of Political Economy, University of Chicago Press, vol. 116(3), pages 467-498, June.
    16. E. Babaei & I.V. Evstigneev & K.R. Schenk-Hoppé & M.V. Zhitlukhin, 2018. "Von Neumann-Gale Dynamics, Market Frictions, and Capital Growth," Economics Discussion Paper Series 1816, Economics, The University of Manchester.
    17. Pedro de Mendonça, 2013. "Nonlinear Phenomena in a Growing Economy with Convex Adjustment Costs," EERI Research Paper Series EERI RP 2013/05, Economics and Econometrics Research Institute (EERI), Brussels.
    18. Amir, R. & Evstigneev, I. V., 2000. "A functional central limit theorem for equilibrium paths of economic dynamics," Journal of Mathematical Economics, Elsevier, vol. 33(1), pages 81-99, February.

  4. McKenzie, L.W., 1993. "Achieving General Consumption Set in an Infinite Model of Competitive Equilibrium," RCER Working Papers 346, University of Rochester - Center for Economic Research (RCER).

    Cited by:

    1. Kubota, Hajime, 2018. "On Dynamic Gains from Free Trade : Discrete-time Infinite Horizon Case," Discussion paper series. A 330, Graduate School of Economics and Business Administration, Hokkaido University.

  5. L.W. McKenzie, 1956. "A Direct Approach to the Slutsky Relation," Cowles Foundation Discussion Papers 13, Cowles Foundation for Research in Economics, Yale University.

    Cited by:

    1. M. Ali Khan & Edward E. Schlee, 2016. "On Lionel McKenzie's 1957 intrusion into 20th-century demand theory," Canadian Journal of Economics, Canadian Economics Association, vol. 49(2), pages 589-636, May.

Articles

  1. Lionel McKenzie, 1999. "Equilibrium, Trade, and Capital Accumulation," The Japanese Economic Review, Japanese Economic Association, vol. 50(4), pages 371-397, December.

    Cited by:

    1. Atsumasa Kondo, 2008. "On The Inefficacy Of Temporary Policy In A Dynamic General Equilibrium With Money," The Japanese Economic Review, Japanese Economic Association, vol. 59(3), pages 324-344, September.
    2. Khan, Ali & Zaslavski, Alexander J., 2007. "On a uniform turnpike of the third kind in the Robinson-Solow-Srinivasan model," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 641, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    3. M. Ali Khan & Edward E. Schlee, 2016. "On Lionel McKenzie's 1957 intrusion into 20th-century demand theory," Canadian Journal of Economics, Canadian Economics Association, vol. 49(2), pages 589-636, May.
    4. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875.
    5. M. Ali Khan & Metin Uyanik, 2021. "The Yannelis–Prabhakar theorem on upper semi-continuous selections in paracompact spaces: extensions and applications," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 71(3), pages 799-840, April.
    6. Anjan Mukherji, 2003. "Competitive Equilibria: Convergence, Cycles or Chaos," ISER Discussion Paper 0591, Institute of Social and Economic Research, Osaka University.
    7. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.

  2. McKenzie, Lionel W, 1998. "Turnpikes," American Economic Review, American Economic Association, vol. 88(2), pages 1-14, May.
    See citations under working paper version above.
  3. Boyd, John H, III & McKenzie, Lionel W, 1993. "The Existence of Competitive Equilibrium over an Infinite Horizon with Production and General Consumption Sets," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 34(1), pages 1-20, February.

    Cited by:

    1. van der Laan, Gerard & Withagen, Cees, 2003. "Quasi-equilibrium in economies with infinite dimensional commodity spaces: a truncation approach," Journal of Economic Dynamics and Control, Elsevier, vol. 27(3), pages 423-444, January.
    2. Sun, Ning & Kusumoto, Sho-Ichiro, 1997. "A note on the Boyd-McKenzie theorem," Economics Letters, Elsevier, vol. 55(3), pages 327-332, September.
    3. Robert W. Dimand, 2019. "Léon Walras, Irving Fisher and the Cowles Approach to General Equilibrium Analysis," Cowles Foundation Discussion Papers 2205, Cowles Foundation for Research in Economics, Yale University.
    4. Allouch, Nizar & Wooders, Myrna, 2008. "Price taking equilibrium in economies with multiple memberships in clubs and unbounded club sizes," Journal of Economic Theory, Elsevier, vol. 140(1), pages 246-278, May.
    5. Charalambos Aliprantis & Kim Border & Owen Burkinshaw, 1996. "Market economies with many commodities," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 19(1), pages 113-185, March.
    6. Tourky, Rabee, 1998. "A New Approach to the Limit Theorem on the Core of an Economy in Vector Lattices," Journal of Economic Theory, Elsevier, vol. 78(2), pages 321-328, February.
    7. Monique Florenzano & Valeri Marakulin, 2000. "Production Equilibria in Vector Lattices," Econometric Society World Congress 2000 Contributed Papers 1396, Econometric Society.
    8. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875.
    9. Kubota, Hajime, 2018. "On Dynamic Gains from Free Trade : Discrete-time Infinite Horizon Case," Discussion paper series. A 330, Graduate School of Economics and Business Administration, Hokkaido University.
    10. Tourky, Rabee, 1999. "Production equilibria in locally proper economies with unbounded and unordered consumers," Journal of Mathematical Economics, Elsevier, vol. 32(3), pages 303-315, November.
    11. Gerard van der Laan & Cees Withagen, 2000. "General Equilibrium in Economies with Infinite Dimensional Commodity Spaces: A Truncation Approach," Tinbergen Institute Discussion Papers 00-023/1, Tinbergen Institute.
    12. Suzuki, Takashi, 2013. "Core and competitive equilibria of a coalitional exchange economy with infinite time horizon," Journal of Mathematical Economics, Elsevier, vol. 49(3), pages 234-244.
    13. Kaori Hasegawa, 2000. "The Second Fundamental Theorem of Welfare Economics and the Existence of Competitive Equilibrium over an Infinite Horizon with General Consumption Sets," Econometric Society World Congress 2000 Contributed Papers 1377, Econometric Society.
    14. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.
    15. Kubota, Hajime, 2019. "Trade and Welfare in General Equilibrium : A Discrete-time Infinite Horizon Case," Discussion paper series. A 343, Graduate School of Economics and Business Administration, Hokkaido University.

  4. McKenzie, Lionel W., 1988. "A limit theorem on the core," Economics Letters, Elsevier, vol. 27(1), pages 7-9.

    Cited by:

    1. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875.
    2. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.

  5. Dasgupta, S. & McKenzie, Lionel W., 1985. "A note on comparative statics and dynamics of stationary states," Economics Letters, Elsevier, vol. 18(4), pages 333-338.

    Cited by:

    1. Judd, Kenneth L., 1996. "Approximation, perturbation, and projection methods in economic analysis," Handbook of Computational Economics, in: H. M. Amman & D. A. Kendrick & J. Rust (ed.), Handbook of Computational Economics, edition 1, volume 1, chapter 12, pages 509-585, Elsevier.
    2. Vassili Kolokoltsov & Wei Yang, 2012. "Turnpike Theorems for Markov Games," Dynamic Games and Applications, Springer, vol. 2(3), pages 294-312, September.
    3. Joël Blot & Bertrand Crettez, 2004. "On the smoothness of optimal paths," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 27(1), pages 1-34, August.

  6. McKenzie, Lionel W., 1983. "Turnpike theory, discounted utility, and the von Neumann facet," Journal of Economic Theory, Elsevier, vol. 30(2), pages 330-352, August.

    Cited by:

    1. Jensen, Martin Kaae, 2012. "Global stability and the “turnpike” in optimal unbounded growth models," Journal of Economic Theory, Elsevier, vol. 147(2), pages 802-832.
    2. Atsumasa Kondo, 2008. "On The Inefficacy Of Temporary Policy In A Dynamic General Equilibrium With Money," The Japanese Economic Review, Japanese Economic Association, vol. 59(3), pages 324-344, September.
    3. Sahashi, Yoshinao, 2002. "The convergence of optimal forestry control," Journal of Mathematical Economics, Elsevier, vol. 37(3), pages 179-214, May.
    4. Nishimura, Kazuo & Yano, Makoto, 1995. "Durable capital and chaos in competitive business cycles," Journal of Economic Behavior & Organization, Elsevier, vol. 27(2), pages 165-181, July.
    5. Alain Venditti, 2014. "Weak Concavity Properties of Indirect Utility Functions in Multisector Optimal Growth Models," AMSE Working Papers 1440, Aix-Marseille School of Economics, France, revised Sep 2014.
    6. Harutaka Takahashi, 2021. "Toward a Theory of the Labor Share’s Fall: A Dynamic Model of the “Superstar†Firm," Discussion Papers 2127, Graduate School of Economics, Kobe University.
    7. Dai, Darong, 2012. "A Robust Turnpike Deduced by Economic Maturity," MPRA Paper 48818, University Library of Munich, Germany.
    8. Minako Fujio, 2009. "Optimal Transition Dynamics In The Leontief Two‐Sector Growth Model With Durable Capital: The Case Of Capital Intensive Consumption Goods," The Japanese Economic Review, Japanese Economic Association, vol. 60(4), pages 490-511, December.
    9. Darong Dai, 2015. "Robust Turnpikes Deduced by the Minimum-Time Needed toward Economic Maturity," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 9(1), pages 049-073, October.
    10. Harutaka, Takahshi, 2012. "An unbalanced two-sector growth model with constant returns:a turnpike approach," MPRA Paper 37297, University Library of Munich, Germany.
    11. KONDO Atsumasa, "undated". "The Role of Productivity Growth Rates for Rising Inequality in an Economy with Heterogeneous Agents," ESRI Discussion paper series 326, Economic and Social Research Institute (ESRI).
    12. Fujio, Minako, 2008. "Undiscounted optimal growth in a Leontief two-sector model with circulating capital: The case of a capital-intensive consumption good," Journal of Economic Behavior & Organization, Elsevier, vol. 66(2), pages 420-436, May.
    13. Frank Hahn, 1992. "Distinguished Fellow: Honoring Roy Radner," Journal of Economic Perspectives, American Economic Association, vol. 6(1), pages 181-194, Winter.
    14. Ali Khan, M. & Piazza, Adriana, 2011. "Optimal cyclicity and chaos in the 2-sector RSS model: An anything-goes construction," Journal of Economic Behavior & Organization, Elsevier, vol. 80(3), pages 397-417.
    15. Mitra, Tapan & Nishimura, Kazuo, 2001. "Discounting and Long-Run Behavior: Global Bifurcation Analysis of a Family of Dynamical Systems," Journal of Economic Theory, Elsevier, vol. 96(1-2), pages 256-293, January.
    16. Timothy J. Kehoe & David K. Levine & Paul Romer, 1989. "Steady States and Determinacy in Economies with Infinitely Lived Agents," Levine's Working Paper Archive 52, David K. Levine.
    17. Darong Dai, 2014. "The Long-Run Behavior of Consumption and Wealth Dynamics in Complete Financial Market with Heterogeneous Investors," Journal of Applied Mathematics, Hindawi, vol. 2014, pages 1-16, July.

  7. 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.

    Cited by:

    1. Dai, Darong, 2011. "Modeling the minimum time needed to economic maturity," MPRA Paper 40583, University Library of Munich, Germany, revised 08 Aug 2012.
    2. Atsumasa Kondo, 2008. "On The Inefficacy Of Temporary Policy In A Dynamic General Equilibrium With Money," The Japanese Economic Review, Japanese Economic Association, vol. 59(3), pages 324-344, September.
    3. Marc Artzrouni & Patrice Cassagnard, 2010. "The Discrete Nerlove-Arrow Model: Explicit Solutions," Working papers of CATT hal-01880358, HAL.
    4. Sahashi, Yoshinao, 2002. "The convergence of optimal forestry control," Journal of Mathematical Economics, Elsevier, vol. 37(3), pages 179-214, May.
    5. Montrucchio, Luigi & Sorger, Gerhard, 1996. "Topological entropy of policy functions in concave dynamic optimization models," Journal of Mathematical Economics, Elsevier, vol. 25(2), pages 181-194.
    6. Takashi Kamihigashi & Santanu Roy, 2005. "A nonsmooth, nonconvex model of optimal growth," Discussion Paper Series 173, Research Institute for Economics & Business Administration, Kobe University.
    7. Marc Artzrouni & Patrice Cassagnard, 2017. "Nerlove-Arrow: A New Solution to an Old Problem," Post-Print hal-01881901, HAL.
    8. Dai, Darong, 2011. "Modeling the minimum time needed to economic maturity," MPRA Paper 40386, University Library of Munich, Germany, revised 31 Jul 2012.
    9. Dai, Darong, 2011. "Stochastic Versions of Turnpike Theorems in the Sense of Uniform Topology," MPRA Paper 40216, University Library of Munich, Germany.
    10. Dasgupta, Swapan & Mitra, Tapan, 2010. "On Optimal Forest Management: A Bifurcation Analysis," Working Papers 10-04, Cornell University, Center for Analytic Economics.
    11. Tapan Mitra, 2005. "Characterization of the turnpike property of optimal paths in the aggregative model of intertemporal allocation," International Journal of Economic Theory, The International Society for Economic Theory, vol. 1(4), pages 247-275, December.
    12. Darong Dai, 2013. "Wealth Martingale and Neighborhood Turnpike Property In Dynamically Complete Market With Heterogeneous Investors," Economic Research Guardian, Weissberg Publishing, vol. 3(2), pages 86-110, December.
    13. Dai, Darong, 2011. "Wealth Martingale and Neighborhood Turnpike Property in Dynamically Complete Market with Heterogeneous Investors," MPRA Paper 46416, University Library of Munich, Germany.
    14. Marc Artzrouni & Patrice Cassagnard, 2010. "The Discrete Nerlove-Arrow Model: Explicit Solutions," Working Papers hal-01880358, HAL.
    15. Mitra, Tapan & Nishimura, Kazuo, 2001. "Discounting and Long-Run Behavior: Global Bifurcation Analysis of a Family of Dynamical Systems," Journal of Economic Theory, Elsevier, vol. 96(1-2), pages 256-293, January.
    16. Montrucchio, Luigi, 1995. "A turnpike theorem for continuous-time optimal-control models," Journal of Economic Dynamics and Control, Elsevier, vol. 19(3), pages 599-619, April.
    17. Darong Dai, 2012. "Stochastic Versions of Turnpike Theorems in the Sense of Uniform Topology," Annals of Economics and Finance, Society for AEF, vol. 13(2), pages 381-423, November.

  8. McKenzie, Lionel W, 1981. "The Classical Theorem on Existence of Competitive Equilibrium," Econometrica, Econometric Society, vol. 49(4), pages 819-841, June.
    See citations under working paper version above.
  9. McKenzie, Lionel & Yano, M, 1980. "Turnpike Theory: Some Corrections," Econometrica, Econometric Society, vol. 48(7), pages 1839-1840, November.

    Cited by:

    1. Giorgio Giorgi & Cesare Zuccotti, 2016. "Equilibrium and Optimality in Gale-von Neumann Models," DEM Working Papers Series 119, University of Pavia, Department of Economics and Management.

  10. McKenzie, Lionel W, 1976. "Turnpike Theory," Econometrica, Econometric Society, vol. 44(5), pages 841-865, September.
    See citations under working paper version above.
  11. Lionel W. McKenzie, 1963. "The Turnpike Theorem of Morishima," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 30(3), pages 169-176.

    Cited by:

    1. Dana Rose-anne & Florenzano Monique & Le Van Cuong & Levy Dominique, 1988. "Asymptotic properties of a leontief economy," CEPREMAP Working Papers (Couverture Orange) 8814, CEPREMAP.
    2. Dai, Darong, 2011. "Stochastic Versions of Turnpike Theorems in the Sense of Uniform Topology," MPRA Paper 40216, University Library of Munich, Germany.
    3. Vassili Kolokoltsov & Wei Yang, 2012. "Turnpike Theorems for Markov Games," Dynamic Games and Applications, Springer, vol. 2(3), pages 294-312, September.
    4. McKenzie, L., 1999. "The First Conferences on the Theory of Economic Growth," RCER Working Papers 459, University of Rochester - Center for Economic Research (RCER).
    5. Kaganovich, Michael, 1998. "Sustained endogenous growth with decreasing returns and heterogeneous capital," Journal of Economic Dynamics and Control, Elsevier, vol. 22(10), pages 1575-1603, August.
    6. Matheus Assaf & Pedro Garcia Duarte, 2018. "Utility Matters: Edmond Malinvaud and growth theory in the 1950s and 1960s," Working Papers, Department of Economics 2018_03, University of São Paulo (FEA-USP).

  12. Lionel McKenzie, 1957. "Demand Theory Without a Utility Index," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 24(3), pages 185-189.

    Cited by:

    1. Paul Makdissi & Myra Yazbeck, 2011. "Assessing the redistributive impact of higher education tuition fees reforms: the case of Quebec," Applied Economics Letters, Taylor & Francis Journals, vol. 18(2), pages 143-147.
    2. Yoshitsugu Kanemoto, 2011. "Surplus Theory," Chapters, in: André de Palma & Robin Lindsey & Emile Quinet & Roger Vickerman (ed.), A Handbook of Transport Economics, chapter 20, Edward Elgar Publishing.
    3. Dale W. Jorgenson, 1985. "Efficiency versus Equity in Economic Policy Analysis," The American Economist, Sage Publications, vol. 29(1), pages 5-14, March.
    4. Donaldson, David, 1992. "On The Aggregation Of Money Measures Of Well-Being In Applied Welfare Economics," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(1), pages 1-12, July.
    5. Mehta, Ghanshyam B., 1995. "Metric utility functions," Journal of Economic Behavior & Organization, Elsevier, vol. 26(2), pages 289-298, March.
    6. Patrick GEORGES & Marcel MERETTE, 2009. "Demographic Changes and the Gains from Globalisation: An Overlapping Generations CGE Analysis," EcoMod2009 21500035, EcoMod.
    7. Michael J. Panik, 2002. "Duality and the Geometry of the Income and Substitution Effects," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 1(3), pages 225-233, December.
    8. Christopher Chambers & Takashi Hayashi, 2012. "Money-metric utilitarianism," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 39(4), pages 809-831, October.
    9. Martinez-Legaz, Juan-Enrique & Santos, Manuel S., 1996. "On expenditure functions," Journal of Mathematical Economics, Elsevier, vol. 25(2), pages 143-163.
    10. Noé Biheng, 2014. "A generalization of the expenditure function," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01143222, HAL.
    11. Biswas, Tapan & McHardy, Jolian P., 2003. "The long-run effect of a wage policy on employment," Journal of Policy Modeling, Elsevier, vol. 25(3), pages 267-273, April.
    12. Tapan Biswas & Jolian McHardy, 2012. "On the incentives to increase input efficiency under monopoly trade unions," Review of Economic Analysis, Digital Initiatives at the University of Waterloo Library, vol. 4(1), pages 39-51, June.
    13. Paolo Giovanni Piacquadio, 2016. "A Fairness Justification of Utilitarianism," CESifo Working Paper Series 5785, CESifo.
    14. Ali Khan, M. & Schlee, Edward E., 2017. "The nonconcavity of money-metric utility: A new formulation and proof," Economics Letters, Elsevier, vol. 154(C), pages 10-12.
    15. Abdelkrim Araar & Paolo Verme, 2016. "Prices and welfare," Working Papers 395, ECINEQ, Society for the Study of Economic Inequality.
    16. Hosoya, Yuhki, 2017. "The relationship between revealed preference and the Slutsky matrix," Journal of Mathematical Economics, Elsevier, vol. 70(C), pages 127-146.
    17. Kristof Bosmans & Koen Decancq & Erwin Ooghe, 2016. "Who's afraid of aggregating money metrics?," Working Papers of Department of Economics, Leuven 551153, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    18. Michael Jerison & David Jerison, 1991. "Approximately Rational Consumer Demand," Discussion Papers 92-02, University at Albany, SUNY, Department of Economics.
    19. Amir, Rabah & Erickson, Philip & Jin, Jim, 2017. "On the microeconomic foundations of linear demand for differentiated products," Journal of Economic Theory, Elsevier, vol. 169(C), pages 641-665.
    20. Dumagan, Jesus C. & Mount, Timothy D., 1991. "Global Properties of Well-Behaved Demand Systems: A Generalized Logit Model Specification," Working Papers 128145, Cornell University, Department of Applied Economics and Management.
    21. M. Ali Khan & Edward E. Schlee, 2016. "On Lionel McKenzie's 1957 intrusion into 20th-century demand theory," Canadian Journal of Economics, Canadian Economics Association, vol. 49(2), pages 589-636, May.
    22. Han, Han Soo, 1990. "The theoretical input-output system with flexible technological coefficients based on the two-stage level CES-type production function," ISU General Staff Papers 1990010108000010500, Iowa State University, Department of Economics.
    23. Susanne Fuchs-Seliger, 2016. "Axiomatic Models of Rational Behavior and Interpretations," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 33(4), pages 385-401, December.
    24. Koen Decancq & Annemie Nys, 2019. "Non-parametric well-being comparisons," Working Papers of Department of Economics, Leuven 640598, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    25. Fuchs-Seliger, Susanne, 2019. "Structures of rational behavior in economics," Working Paper Series in Economics 136, Karlsruhe Institute of Technology (KIT), Department of Economics and Management.
    26. Marc BAUDRY, 2005. "Les impôts locaux sont-ils gaspillés?," Discussion Papers (REL - Recherches Economiques de Louvain) 2005021, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    27. Daniel McFadden, 2014. "The new science of pleasure: consumer choice behavior and the measurement of well-being," Chapters, in: Stephane Hess & Andrew Daly (ed.), Handbook of Choice Modelling, chapter 2, pages 7-48, Edward Elgar Publishing.
    28. Ahlheim, Michael & Frör, Oliver & Nguyen Minh Duc & Rehl, Antonia & Siepmann, Ute & Pham Van Dinh, 2017. "Labour as a utility measure reconsidered," Hohenheim Discussion Papers in Business, Economics and Social Sciences 03-2017, University of Hohenheim, Faculty of Business, Economics and Social Sciences.
    29. Abdelkrim Araar & Paolo Verme, 2019. "Prices and welfare: a comparative analysis of measures and computational methods," Empirical Economics, Springer, vol. 57(4), pages 1077-1101, October.
    30. Steven F. Koch & Adl Bosch, 2009. "Inflation and the HouseholdTowards a Measurement of the Welfare Costs of Inflation," Working Papers 3488, South African Reserve Bank.
    31. Pourya Valizadeh & Travis A Smith, 2020. "How Did The American Recovery and Reinvestment Act Affect the Material Well‐Being of SNAP Participants? A Distributional Approach," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 42(3), pages 455-476, September.
    32. Alcantud, J. C. R. & Manrique, A., 2001. "Continuous representation by a money-metric function," Mathematical Social Sciences, Elsevier, vol. 41(3), pages 365-373, May.
    33. Daniel L. McFadden, 2013. "The New Science of Pleasure," NBER Working Papers 18687, National Bureau of Economic Research, Inc.
    34. Emily Lancsar, 2002. "Deriving welfare measures from stated preference discrete choice modelling experiments, CHERE Discussion Paper No 48," Discussion Papers 48, CHERE, University of Technology, Sydney.
    35. Edward E. Schlee & M. Ali Khan, 2022. "Money Metrics In Applied Welfare Analysis: A Saddlepoint Rehabilitation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(1), pages 189-210, February.
    36. Abuelhaj, Tareq & Gassmann, Franziska & O'Donoghue, Cathal, 2018. "Price opinion data in subsidized economies: Empirical evidence from Iraq," MERIT Working Papers 2018-033, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    37. Martín Browning, 1993. "Dual approaches to utility," Working Papers. Serie AD 1993-10, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    38. Russell, Thomas, 1997. "How quasi-rational are you?: A behavioral interpretation of a two form which measures non-integrability of a system of demand equations," Economics Letters, Elsevier, vol. 56(2), pages 181-186, October.
    39. Russell, Thomas & Farris, Frank, 1998. "Integrability, Gorman systems, and the lie bracket structure of the real line," Journal of Mathematical Economics, Elsevier, vol. 29(2), pages 183-209, March.
    40. John Chipman, 2006. "Pareto and contemporary economic theory," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 53(4), pages 451-475, December.

  13. Lionel W. McKenzie, 1955. "Specialization in Production and the Production Possibility Locus," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 23(1), pages 56-64.

    Cited by:

    1. Henry Thompson, 2013. "Regional Trade in a Purely Competitive Model," Auburn Economics Working Paper Series auwp2013-15, Department of Economics, Auburn University.
    2. Takeshi Ogawa, 2013. "Application of Jones' Inequality to the n-country, m-good Ricardo–Graham Model," Economics Bulletin, AccessEcon, vol. 33(1), pages 379-387.

  14. Lionel W. McKenzie, 1953. "Specialisation and Efficiency in World Production," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 21(3), pages 165-180.

    Cited by:

    1. Dogaru, Vasile, 2005. "The general validity of comparative advantage in trade exchanges," MPRA Paper 6882, University Library of Munich, Germany.
    2. Dvoskin, Ariel & Ianni, Guido, 2021. "Produced means of production and the chain of comparative advantages," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 635-647.
    3. Takeshi Ogawa, 2013. "Application of Jones' Inequality to the n-country, m-good Ricardo–Graham Model," Economics Bulletin, AccessEcon, vol. 33(1), pages 379-387.
    4. Nazif Durmaz & Henry Thompson, 2024. "Simulating the Constant Cost Trade Model," Auburn Economics Working Paper Series auwp2024-03, Department of Economics, Auburn University.
    5. Jonathan Eaton & Samuel Kortum, 2012. "Putting Ricardo to Work," Journal of Economic Perspectives, American Economic Association, vol. 26(2), pages 65-90, Spring.
    6. Foders, Federico, 1983. "Industriegüterexport und Faktorproportionenhypothese: Untersuchung am Beispiel der Exportstruktur Argentiniens," Open Access Publications from Kiel Institute for the World Economy 439, Kiel Institute for the World Economy (IfW Kiel).
    7. Rajas Parchure, 2011. "On Graham’s Theory of Multicountry Multicommodity Trade," Working Papers id:4258, eSocialSciences.
    8. Calum Brown & Dave Murray-Rust & Jasper van Vliet & Shah Jamal Alam & Peter H Verburg & Mark D Rounsevell, 2014. "Experiments in Globalisation, Food Security and Land Use Decision Making," PLOS ONE, Public Library of Science, vol. 9(12), pages 1-24, December.
    9. E. Roy Weintraub, 2011. "Retrospectives: Lionel W. McKenzie and the Proof of the Existence of a Competitive Equilibrium," Journal of Economic Perspectives, American Economic Association, vol. 25(2), pages 199-215, Spring.
    10. Takayama, T., 1967. "International Trade And Mathematical Programming," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 11(1), pages 1-13, June.

Chapters

  1. Lionel W. McKenzie, 2012. "turnpike theory," The New Palgrave Dictionary of Economics,, Palgrave Macmillan.
    See citations under working paper version above.
  2. 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.

    Cited by:

    1. Igor Evstigneev & Michael Taksar, 2006. "Dynamic interaction models of economic equilibrium," Economics Discussion Paper Series 0623, Economics, The University of Manchester.
    2. Marcus Hagedorn, 2007. "Optimal Ramsey Tax Cycles," IEW - Working Papers 354, Institute for Empirical Research in Economics - University of Zurich.
    3. Venditti, Alain, 1997. "Strong Concavity Properties of Indirect Utility Functions in Multisector Optimal Growth Models," Journal of Economic Theory, Elsevier, vol. 74(2), pages 349-367, June.
    4. David De la Croix & Clara Delavallade, 2006. "Growth, public investment and corruption with failing institutions," Cahiers de la Maison des Sciences Economiques v06078a, Université Panthéon-Sorbonne (Paris 1), revised May 2008.
    5. Sorger, Gerhard, 2004. "Consistent planning under quasi-geometric discounting," Journal of Economic Theory, Elsevier, vol. 118(1), pages 118-129, September.
    6. Giorgio FABBRI & Silvia FAGGIAN & Giuseppe FRENI, 2014. "On the Mitra-Wan Forest Management Problem in Continuous Time," LIDAM Discussion Papers IRES 2014011, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    7. Takashi Kamihigashi & Santanu Roy, 2006. "Dynamic optimization with a nonsmooth, nonconvex technology: the case of a linear objective function," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(2), pages 325-340, October.
    8. Khan, Ali & Mitra, Tapan, 2003. "On choice of technique in the Robinson-Solow-Srinivasan model," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 504, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    9. Jafarey, Saqib & Park, Hyun, 1998. "The dynamics of optimal wealth distributions with recursive utility," Economics Letters, Elsevier, vol. 61(2), pages 149-158, November.
    10. Khan, M. Ali & Mitra, Tapan, 2005. "On topological chaos in the Robinson-Solow-Srinivasan model," Economics Letters, Elsevier, vol. 88(1), pages 127-133, July.
    11. Maćkowiak, Piotr, 2004. "Uniform boundedness of feasible per capita output streams under convex technology and non-stationary labor," MPRA Paper 41891, University Library of Munich, Germany.
    12. Panek Emil, 2020. "Almost “very strong” multilane turnpike effect in a non-stationary Gale economy with a temporary von Neumann equilibrium and price constraints," Economics and Business Review, Sciendo, vol. 6(2), pages 66-80, June.
    13. Le Van, Cuong & Cagri Saglam, H., 2004. "Optimal growth models and the Lagrange multiplier," Journal of Mathematical Economics, Elsevier, vol. 40(3-4), pages 393-410, June.
    14. Takashi Kamihigashi & Santanu Roy, 2005. "A nonsmooth, nonconvex model of optimal growth," Discussion Paper Series 173, Research Institute for Economics & Business Administration, Kobe University.
    15. Erol Dogan & Cuong Le Van & Cagri Saglam, 2010. "Optimal timing of regime switching in optimal growth models: A Sobolev space approach," Working Papers 16, Development and Policies Research Center (DEPOCEN), Vietnam.
    16. Cesar Guerrero-Luchtenberg, 1998. "- A Turnpike Theoreme For A Family Of Functions," Working Papers. Serie AD 1998-07, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
    17. Baierla, Gary & Nishimura, Kazuo & Yano, Makoto, 1998. "The role of capital depreciation in multi-sectoral models," Journal of Economic Behavior & Organization, Elsevier, vol. 33(3-4), pages 467-479, January.
    18. Michel, Philippe & Thibault, Emmanuel, 2007. "The failure of Ricardian equivalence under dynastic altruism," Journal of Mathematical Economics, Elsevier, vol. 43(5), pages 606-614, June.
    19. Takashi Kamihigashi, 2007. "On the Principle of Optimality for Nonstationary Deterministic Dynamic Programming," Discussion Paper Series 200, Research Institute for Economics & Business Administration, Kobe University.
    20. Khan, Ali & Zaslavski, Alexander J., 2007. "On a uniform turnpike of the third kind in the Robinson-Solow-Srinivasan model," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 641, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    21. Piotr Maćkowiak, 2006. "Some remarks on lower hemicontinuity of convex multivalued mappings," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 28(1), pages 227-233, May.
    22. Adriana Piazza, 2009. "The optimal harvesting problem with a land market: a characterization of the asymptotic convergence," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 40(1), pages 113-138, July.
    23. Kirill Borissov & Thierry Bréchet & Stéphane Lambrecht, 2012. "Environmental Maintenance in a Dynamic Model with Heterogenous Agents," Working Papers hal-00989799, HAL.
    24. Mitra, Tapan, 1998. "On the relationship between discounting and complicated behavior in dynamic optimization models," Journal of Economic Behavior & Organization, Elsevier, vol. 33(3-4), pages 421-434, January.
    25. Kehoe, Timothy J. & Levine, David K. & Romer, Paul M., 1990. "Determinacy of equilibria in dynamic models with finitely many consumers," Journal of Economic Theory, Elsevier, vol. 50(1), pages 1-21, February.
    26. DE LA CROIX, David & GOSSERIES, Axel, 2006. "Procreation, migration and tradable quotas," LIDAM Discussion Papers CORE 2006098, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    27. Michele Boldrin & David K Levine, 2005. "Perfectly Competitive Innovation (Growth)," Levine's Working Paper Archive 122247000000000886, David K. Levine.
    28. Mitra, Tapan, 2004. "Intergenerational Equity and the Forest Management Problem," Working Papers 04-17, Cornell University, Center for Analytic Economics.
    29. Vidal, Jean-Pierre, 2000. "Capital Mobility in a Dynastic Framework," Oxford Economic Papers, Oxford University Press, vol. 52(3), pages 606-625, July.
    30. César L. Guerrero-Luchtenberg, 2004. "Chaos vs. patience in a macroeconomic model of capital accumulation: New applications of a uniform neighborhood turnpike theorem," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 19(1), pages 45-60.
    31. I. V. Evstigneev & M. I. Taksar, 2001. "Stochastic Economies with Locally Interacting Agents," Working Papers 01-03-018, Santa Fe Institute.
    32. Wolff, Reiner, 1997. "Saddle-point dynamics in non-autonomous models of multisector growth with variable returns to scale," Journal of Mathematical Economics, Elsevier, vol. 27(3), pages 267-282, April.
    33. Khan, M. Ali & Zaslavski, Alexander J., 2009. "On existence of optimal programs: The RSS model without concavity assumptions on felicities," Journal of Mathematical Economics, Elsevier, vol. 45(9-10), pages 624-633, September.
    34. Michael Woodford, 1990. "Equilibrium Models of Endogenous Fluctuations: an Introduction," NBER Working Papers 3360, National Bureau of Economic Research, Inc.
    35. Evstigneev, I. & Taksar, M., 1994. "Stochastic equilibria on graphs, I," Journal of Mathematical Economics, Elsevier, vol. 23(5), pages 401-433, September.
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    Cited by:

    1. Giorgio Giorgi & Cesare Zuccotti, 2016. "Equilibrium and Optimality in Gale-von Neumann Models," DEM Working Papers Series 119, University of Pavia, Department of Economics and Management.
    2. McKenzie, L., 1999. "The First Conferences on the Theory of Economic Growth," RCER Working Papers 459, University of Rochester - Center for Economic Research (RCER).
    3. Kaganovich, Michael, 1998. "Sustained endogenous growth with decreasing returns and heterogeneous capital," Journal of Economic Dynamics and Control, Elsevier, vol. 22(10), pages 1575-1603, August.

Books

  1. Lionel W. McKenzie, 2008. "Equilibrium, Trade, and Growth: Selected Papers, Lionel W. McKenzie," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262135019, December.

    Cited by:

    1. Giorgio FABBRI & Silvia FAGGIAN & Giuseppe FRENI, 2014. "On the Mitra-Wan Forest Management Problem in Continuous Time," LIDAM Discussion Papers IRES 2014011, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).

  2. Lionel W. McKenzie, 2005. "Classical General Equilibrium Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262633302, December.

    Cited by:

    1. Maćkowiak, Piotr, 2009. "Adaptive Rolling Plans Are Good," MPRA Paper 42043, University Library of Munich, Germany.
    2. M. Khan & Tapan Mitra, 2006. "Undiscounted optimal growth in the two-sector Robinson-Solow-Srinivasan model: a synthesis of the value-loss approach and dynamic programming," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(2), pages 341-362, October.
    3. Khan, M. Ali & Mitra, Tapan, 2005. "On topological chaos in the Robinson-Solow-Srinivasan model," Economics Letters, Elsevier, vol. 88(1), pages 127-133, July.
    4. M Ali Khan, 2007. "Perfect Competition," Microeconomics Working Papers 22207, East Asian Bureau of Economic Research.
    5. Khan, Ali & Zaslavski, Alexander J., 2007. "On a uniform turnpike of the third kind in the Robinson-Solow-Srinivasan model," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 641, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    6. Adriana Piazza, 2009. "The optimal harvesting problem with a land market: a characterization of the asymptotic convergence," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 40(1), pages 113-138, July.
    7. M. Ali Khan & Metin Uyan{i}k, 2018. "Topological Connectedness and Behavioral Assumptions on Preferences: A Two-Way Relationship," Papers 1810.02004, arXiv.org, revised Oct 2018.
    8. Majumdar, Mukul, 2009. "Equilibrium and optimality: Some imprints of David Gale," Games and Economic Behavior, Elsevier, vol. 66(2), pages 607-626, July.
    9. David Cass, 2006. "Compatible Beliefs and Equilibrium," PIER Working Paper Archive 06-009, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    10. Michael Turk, 2006. "The fault line of axiomatization: Walras' linkage of physics with economics," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 13(2), pages 195-212.
    11. Leung, Charles Ka Yui & Tang, Edward Chi Ho, 2014. "Availability, Affordability and Volatility: the case of Hong Kong Housing Market," MPRA Paper 58770, University Library of Munich, Germany.
    12. Khan, M. Ali & Zaslavski, Alexander J., 2009. "On existence of optimal programs: The RSS model without concavity assumptions on felicities," Journal of Mathematical Economics, Elsevier, vol. 45(9-10), pages 624-633, September.
    13. Joël Blot & Bertrand Crettez, 2004. "On the smoothness of optimal paths," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 27(1), pages 1-34, August.
    14. Anjan Mukherji, 2003. "Competitive Equilibria: Convergence, Cycles or Chaos," ISER Discussion Paper 0591, Institute of Social and Economic Research, Osaka University.
    15. Khan, M. Ali & Piazza, Adriana, 2010. "On the non-existence of optimal programs in the Robinson-Solow-Srinivasan (RSS) model," Economics Letters, Elsevier, vol. 109(2), pages 94-98, November.
    16. Ali Khan, M. & Mitra, Tapan, 2008. "Growth in the Robinson-Solow-Srinivasan model: Undiscounted optimal policy with a strictly concave welfare function," Journal of Mathematical Economics, Elsevier, vol. 44(7-8), pages 707-732, July.
    17. Bertrand Crettez & Naila Hayek & Jean-Michel Courtault, 2004. "On the differentiability of the benefit function," Economics Bulletin, AccessEcon, vol. 4(5), pages 1-6.
    18. Francesco Bogliacino & Giorgio Rampa, 2010. "Monopolistic competition and new products: a conjectural equilibrium approach," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 5(1), pages 55-76, June.
    19. Yochanan Shachmurove & Uriel Spiegel, 2009. "Ricardo Meets China, India and U.S. Three Hundred Years Later," PIER Working Paper Archive 09-015, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    20. Akhabbar, Amanar & Lallement, Jérôme, 2010. "Wassily Leontief and Léon Walras: the Production as a Circular Flow," MPRA Paper 30207, University Library of Munich, Germany.
    21. Harutaka Takahashi, 2008. "Optimal balanced growth in a general multi-sector endogenous growth model with constant returns," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 37(1), pages 31-49, October.
    22. Joël Blot & Bertrand Crettez, 2007. "On the smoothness of optimal paths II: some local turnpike results," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 30(2), pages 137-150, November.
    23. Denizalp Goktas & Jiayi Zhao & Amy Greenwald, 2023. "T\^atonnement in Homothetic Fisher Markets," Papers 2306.04890, arXiv.org.

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