A Complete Characterization of Optimal Growth Paths in an Aggregated Model with a Non-Concave Production Function
作者： W. Davis Dechert , Kazuo Nishimura
DOI: 10.1007/978-3-642-22397-6_10
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摘要: The convexity of technology has played a crucial role in economic analyses optimal one-sector growth problems. For example, two the key results on traditional model Ramsey (1928) that have relied are intertemporal involves moving monotonically towards unique steady state (as Cass 1965; Koopmans 1965), and value function is concave differentiable initial capital stock Benveniste Scheinkman 1979).
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sci-hub.st 参考文章(10)
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