Showing 1 - 3 of 3
This paper studies a one-sector optimal growth model with linear utility in which the production function is only required to be increasing and upper semicontinuous. The model also allows for a general form of irreversible investment. We show that every optimal capital path is strictly monotone...
Persistent link: https://www.econbiz.de/10005650742
Persistent link: https://www.econbiz.de/10005753442
nonconvex, nondifferentiable, and discontinuous. The model also allows for a general form of irreversible investment. We show …
Persistent link: https://www.econbiz.de/10005784041