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An Autonomous One-Dimensional Model

In: Turnpike Theory for the Robinson–Solow–Srinivasan Model

Author

Listed:
  • Alexander J. Zaslavski

    (Technion – Israel Institute of Technology)

Abstract

The one-dimensional Robinson–Solow–Srinivasan model was studied by T. Mitra and M. Ali Khan in Khan and Mitra (Econ Theory 29:341–362, 2006); Khan and Mitra T (Adv Math Econ 8:349–381, 2006); Khan and Mitra (Jpn Econ Rev 58:191–225, 2007); Khan MA, Mitra T (J Differ Equ Appl 13:151–168, 2007); Khan and Mitra ( J Math Econ 44:707–732, 2008); Khan and Mitra (Nonlinear Anal 75, 1400–1418, 2012); Khan and Mitra (Adv Math Econ 17:39–70, 2013). In this chapter we discuss the results obtained in Khan and Mitra (Econ Theory 29:341–362, 2006) which was the starting point of their research. In Khan and Mitra (Econ Theory 29:341–362, 2006) the value-loss approach of Radner–Gale–McKenzie was used in order to show a multiplicity of optimal programs under certain conditions, and a theory of undiscounted dynamic programming was used to derive properties of the optimal policy correspondence.

Suggested Citation

  • Alexander J. Zaslavski, 2020. "An Autonomous One-Dimensional Model," Springer Optimization and Its Applications, in: Turnpike Theory for the Robinson–Solow–Srinivasan Model, chapter 0, pages 341-367, Springer.
    • Handle: RePEc:spr:spochp:978-3-030-60307-6_10
    DOI: 10.1007/978-3-030-60307-6_10
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