Existence of optimal strategies in linear multisector models with several consumption goods

In this paper we give a sufficient and almost necessary condition for the existence of optimal strategies in linear multisector models when time is continuous and the the instantaneous utility function of the representative agent has two properties: (a) the intertemporal elasticity of substitution is constant over time and (b) preferences are concave and homothetic.

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Year of publication:	2010-04-01
Authors:	Freni, Giuseppe ; Gozzi, Fausto ; Salvadori, Neri

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Freni, Giuseppe and Gozzi, Fausto and Salvadori, Neri (2010): Existence of optimal strategies in linear multisector models with several consumption goods.
Classification:	O41 - One, Two, and Multisector Growth Models ; C62 - Existence and Stability Conditions of Equilibrium
Source:	BASE

Persistent link: https://www.econbiz.de/10015221072