Infinite-horizon continuous-time growth models

Kravvaritis, D; Papageorgiou, NS

dc.contributor.author	Kravvaritis, D	en
dc.contributor.author	Papageorgiou, NS	en
dc.date.accessioned	2014-03-01T01:12:00Z
dc.date.available	2014-03-01T01:12:00Z
dc.date.issued	1996	en
dc.identifier.issn	0020-7721	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/11913
dc.subject	Continuous Time	en
dc.subject	Growth Model	en
dc.subject	Infinite Horizon	en
dc.subject.classification	Automation & Control Systems	en
dc.subject.classification	Computer Science, Theory & Methods	en
dc.subject.classification	Operations Research & Management Science	en
dc.subject.other	Approximation theory	en
dc.subject.other	Mathematical models	en
dc.subject.other	Optimization	en
dc.subject.other	Set theory	en
dc.subject.other	Topology	en
dc.subject.other	Infinite horizon continuous time growth models	en
dc.subject.other	Non-convexities	en
dc.subject.other	Economics	en
dc.title	Infinite-horizon continuous-time growth models	en
heal.type	journalArticle	en
heal.identifier.primary	10.1080/00207729608929227	en
heal.identifier.secondary	http://dx.doi.org/10.1080/00207729608929227	en
heal.language	English	en
heal.publicationDate	1996	en
heal.abstract	In this paper we examine a continuous-time infinite-horizon economic growth model with non-convexities. First we show that an optimal program exists and the value of the problem can be obtained as the limit of the values of the finite-horizon approximations. If we are only interested in the existence part, then we show that the hypotheses can be weakenend substantially to incorporate economically significant cases. Finally we obtain a transversality condition for optimality that does not involve dual variables (prices).	en
heal.publisher	TAYLOR & FRANCIS LTD	en
heal.journalName	International Journal of Systems Science	en
dc.identifier.doi	10.1080/00207729608929227	en
dc.identifier.isi	ISI:A1996UJ69900004	en
dc.identifier.volume	27	en
dc.identifier.issue	4	en
dc.identifier.spage	373	en
dc.identifier.epage	378	en