Showing 1 - 10 of 963
In a continuous-time model of capital accumulation, there are convexity or concavity conditions on benefit and cost functions which ensure that dynamical necessary conditions for optimality are also sufficient. Non-convexities can occur in various ways: the Hamiltonian can fail to be concave...
Persistent link: https://www.econbiz.de/10005653018
Persistent link: https://www.econbiz.de/10005242682
Persistent link: https://www.econbiz.de/10002057775
Persistent link: https://www.econbiz.de/10001475063
Persistent link: https://www.econbiz.de/10000904923
Persistent link: https://www.econbiz.de/10003513306
Persistent link: https://www.econbiz.de/10013400523
Persistent link: https://www.econbiz.de/10001455658
Persistent link: https://www.econbiz.de/10001344215
Persistent link: https://www.econbiz.de/10001554911