Existence of optimal strategies in linear multisector models with several consumption goods
Freni, Giuseppe and Gozzi, Fausto and Salvadori, Neri (2010) Existence of optimal strategies in linear multisector models with several consumption goods. [Working Paper]. p. 36. MPRA Paper (No. 18766). (Submitted)
|PDF (Full text) - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader|
Official URL: http://mpra.ub.uni-muenchen.de/21809/1/MPRA_paper_...
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.
|Item Type:||Report / Paper (Working Paper)|
|Research documents and activity classification:||Working Papers > Non-Refereed Working Papers / of national relevance only|
|Divisions:||Department of Business and Management|
|Uncontrolled Keywords:||Endogenous growth; optimal control with mixed constraints; von Neumann growth model|
|MIUR Scientific Area:||Area 13 - Economics and Statistics > SECS-S/06 Mathematics for Economics, Actuarial Studies and Finance|
|Deposited By:||Maria Teresa Nistico|
|Deposited On:||30 Nov 2010 14:35|
|Last Modified:||19 Apr 2013 22:23|
Repository Staff Only: item control page