- A Turnpike Theoreme For A Family Of Functions
We prove a uniform turnpike theorem for a family of optimal growth problems arising from a family offelicity functions. More precisely, we show that there exists a uniform d´ such that, for any problem inthe family, and for any d>=d´, the optimal path exhibits convergence to the steady state.
|Date of creation:||Apr 1998|
|Publication status:||Published by Ivie|
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- 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.
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- 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.
- Nishimura, Kazuo & Yano, Makoto, 1996. "On the Least Upper Bound of Discount Factors That Are Compatible with Optimal Period-Three Cycles," Journal of Economic Theory, Elsevier, vol. 69(2), pages 306-333, May.
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