Existence of Optimal Strategies in linear Multisector Models

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, consumption is limited to one commodity, the instantaneous utility is of the CES type, and available technology allows a positive growth rate.

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Year of publication:	2004-01-01
Authors:	Freni, Giuseppe ; Gozzi, Fausto ; Salvadori, Neri
Institutions:	Dipartimento di Economia e Management, Università degli Studi di Pisa
Subject:	Endogenous growth \| AK model \| optimal control with mixed constraints \| von Neumann growth model

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C62 - Existence and Stability Conditions of Equilibrium ; C41 - Duration Analysis ; C67 - Input-Output Models ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005636474