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.

Abstract

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 more than one consumption good exists.

• Item Type: MPRA Paper
• Language: English
• Keywords: Endogenous growth; optimal control with mixed constraints; von Neumann growth model
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O41 - One, Two, and Multisector Growth Models; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C62 - Existence and Stability Conditions of Equilibrium

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