OPTIMAL PROGRAMS AND THEIR PRICE CHARACTERIZATION IN A MULTISECTOR GROWTH-MODEL WITH UNCERTAINTY

PAPAGEORGIOU, NS

dc.contributor.author	PAPAGEORGIOU, NS	en
dc.date.accessioned	2014-03-01T01:42:54Z
dc.date.available	2014-03-01T01:42:54Z
dc.date.issued	1994	en
dc.identifier.issn	0020-7721	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/23980
dc.subject.classification	Automation & Control Systems	en
dc.subject.classification	Computer Science, Theory & Methods	en
dc.subject.classification	Operations Research & Management Science	en
dc.title	OPTIMAL PROGRAMS AND THEIR PRICE CHARACTERIZATION IN A MULTISECTOR GROWTH-MODEL WITH UNCERTAINTY	en
heal.type	journalArticle	en
heal.language	English	en
heal.publicationDate	1994	en
heal.abstract	A non-stationary multisector growth model with uncertainty, in which future utilities are discounted. is examined. First we establish the existence of strongly optimal programs emanating from a given initial capital stock. Then we show that this optimal program x is sustained by a system of prices p so that the pair [x. p] is competitive and a strong transversality condition holds. We also show that competitiveness and transversality imply optimality.	en
heal.publisher	TAYLOR & FRANCIS LTD	en
heal.journalName	INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE	en
dc.identifier.isi	ISI:A1994NN45800011	en
dc.identifier.volume	25	en
dc.identifier.issue	4	en
dc.identifier.spage	775	en
dc.identifier.epage	787	en