haku: @author Majumdar, M. / yhteensä: 6
viite: 2 / 6
| Tekijä: | Majumdar, M. Mitra, T. |
| Otsikko: | Robust ergodic chaos in discounted dynamic optimization models |
| Lehti: | Economic Theory
1994 : VOL. 4:5, p. 677-688 |
| Asiasana: | OPTIMIZATION MODELS CHAOS |
| Kieli: | eng |
| Tiivistelmä: | The authors of this article identify a family of discounted dynamic optimization problems in which the immediate return function depends on current consumption, capital input and a taste parameter. The usual monotonicity and concavity assumptions on the return functions and the aggregative production function and verified. It is shown that the optimal transition functions are represented by the "quadratic family", well-studied in the literature. |
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