Geodesic
On a nonstationary discrete time infinite horizon growth model with uncertainty
Commentationes Mathematicae Universitatis Carolinae, Tome 38 (1997) no. 1, pp. 193-202

Voir la notice de l'article provenant de la source Czech Digital Mathematics Library

In this paper we examine a nonstationary discrete time, infinite horizon growth model with uncertainty. Under very general hypotheses on the data of the model, we establish the existence of an optimal program and we show that the values of the finite horizon problems tend to that of the infinite horizon as the end of the planning period approaches infinity. Finally we derive a transversality condition for optimality which does not involve dual variables (prices).
Classification : 49J10, 49K10, 90A16, 90A20, 91B62
Keywords: growth model; discrete time; infinite horizon; finite horizon; uncertainty; utility function; technology multifunction; optimal program; transversality condition 
@article{CMUC_1997__38_1_a18,
     author = {Papageorgiou, Nikolaos S. and Papalini, Francesca and Vercillo, Susanna},
     title = {On a nonstationary discrete time infinite horizon growth model with uncertainty},
     journal = {Commentationes Mathematicae Universitatis Carolinae},
     pages = {193--202},
     publisher = {mathdoc},
     volume = {38},
     number = {1},
     year = {1997},
     mrnumber = {1455484},
     zbl = {0887.90035},
     language = {en},
     url = {http://geodesic.mathdoc.fr/item/CMUC_1997__38_1_a18/}
}
TY  - JOUR
AU  - Papageorgiou, Nikolaos S.
AU  - Papalini, Francesca
AU  - Vercillo, Susanna
TI  - On a nonstationary discrete time infinite horizon growth model with uncertainty
JO  - Commentationes Mathematicae Universitatis Carolinae
PY  - 1997
SP  - 193
EP  - 202
VL  - 38
IS  - 1
PB  - mathdoc
UR  - http://geodesic.mathdoc.fr/item/CMUC_1997__38_1_a18/
LA  - en
ID  - CMUC_1997__38_1_a18
ER  - 
%0 Journal Article
%A Papageorgiou, Nikolaos S.
%A Papalini, Francesca
%A Vercillo, Susanna
%T On a nonstationary discrete time infinite horizon growth model with uncertainty
%J Commentationes Mathematicae Universitatis Carolinae
%D 1997
%P 193-202
%V 38
%N 1
%I mathdoc
%U http://geodesic.mathdoc.fr/item/CMUC_1997__38_1_a18/
%G en
%F CMUC_1997__38_1_a18
Papageorgiou, Nikolaos S.; Papalini, Francesca; Vercillo, Susanna. On a nonstationary discrete time infinite horizon growth model with uncertainty. Commentationes Mathematicae Universitatis Carolinae, Tome 38 (1997) no. 1, pp. 193-202. http://geodesic.mathdoc.fr/item/CMUC_1997__38_1_a18/