메뉴 건너뛰기




Volumn 22, Issue 1, 1997, Pages 67-86

A new look at optimal growth under uncertainty

Author keywords

Dynamic programming; Optimal growth; Smooth policy function; Stochastic dominance

Indexed keywords


EID: 0031280707     PISSN: 01651889     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0165-1889(97)00042-0     Document Type: Article
Times cited : (17)

References (31)
  • 1
    • 0024940458 scopus 로고
    • Globally optimal paths in the nonclassical growth model
    • Amir, R, 1989. Globally optimal paths in the nonclassical growth model. Computers and Mathematics with Applications 18, 663-674.
    • (1989) Computers and Mathematics with Applications , vol.18 , pp. 663-674
    • Amir, R.1
  • 2
    • 0030210944 scopus 로고    scopus 로고
    • Continuous stochastic games of capital accumulation with convex transitions
    • Amir, R., 1996a. Continuous stochastic games of capital accumulation with convex transitions. Games and Economic Behavior 15, 111-131.
    • (1996) Games and Economic Behavior , vol.15 , pp. 111-131
    • Amir, R.1
  • 3
    • 0030305644 scopus 로고    scopus 로고
    • Strategic intergenerational bequests under stochastic convex production
    • Amir, R., 1996b. Strategic intergenerational bequests under stochastic convex production. Economic Theory 8, 367-376.
    • (1996) Economic Theory , vol.8 , pp. 367-376
    • Amir, R.1
  • 4
    • 0000844139 scopus 로고
    • One-sector nonclassical optimal growth: Optimality conditions and comparative dynamics
    • Amir, R., Mirman, L., Perkins, W., 1991. One-sector nonclassical optimal growth: optimality conditions and comparative dynamics. International Economic Review 32, 625-644.
    • (1991) International Economic Review , vol.32 , pp. 625-644
    • Amir, R.1    Mirman, L.2    Perkins, W.3
  • 5
    • 0000784179 scopus 로고
    • The once but not twice differentiability of the policy function
    • Araujo, A., 1991. The once but not twice differentiability of the policy function. Econometrica 1383-1394.
    • (1991) Econometrica , pp. 1383-1394
    • Araujo, A.1
  • 7
    • 0010919251 scopus 로고
    • Characterization of optimal plans for stochastic dynamic programs
    • Blume, L., Easley, D., O'Hara, M., 1982. Characterization of optimal plans for stochastic dynamic programs. Journal of Economic Theory 28, 221-234.
    • (1982) Journal of Economic Theory , vol.28 , pp. 221-234
    • Blume, L.1    Easley, D.2    O'Hara, M.3
  • 8
    • 49649139611 scopus 로고
    • Optimal economic growth and uncertainty: The discounted case
    • Brock, W., Mirman, L., 1972. Optimal economic growth and uncertainty: the discounted case. Journal of Economic Theory 4, 479-513.
    • (1972) Journal of Economic Theory , vol.4 , pp. 479-513
    • Brock, W.1    Mirman, L.2
  • 9
    • 0000264736 scopus 로고
    • Optimal economic growth and uncertainty: The no discounting case
    • Brock, W., Mirman L., 1973. Optimal economic growth and uncertainty: the no discounting case. International Economic Review 14, 560-572.
    • (1973) International Economic Review , vol.14 , pp. 560-572
    • Brock, W.1    Mirman, L.2
  • 10
    • 0001379445 scopus 로고
    • Stochastic properties of slow vs. fast growing economies
    • Danthine, J.-P., Donaldson, J., 1981. Stochastic properties of slow vs. fast growing economies. Econometrica 1007-1033.
    • (1981) Econometrica , pp. 1007-1033
    • Danthine, J.-P.1    Donaldson, J.2
  • 11
    • 48749148584 scopus 로고
    • A complete characterization of optimal growth paths in an aggregated model with a nonconcave production function
    • Dechert, D., Nishimura, K., 1983. A complete characterization of optimal growth paths in an aggregated model with a nonconcave production function. Journal of Economic Theory 31, 332-354.
    • (1983) Journal of Economic Theory , vol.31 , pp. 332-354
    • Dechert, D.1    Nishimura, K.2
  • 15
    • 0001210726 scopus 로고
    • Stochastic monotonicity and stationary distributions for dynamic economies
    • Hopenhayn, H., Prescott, E., 1992. Stochastic monotonicity and stationary distributions for dynamic economies. Econometrica 60, 1387-1406.
    • (1992) Econometrica , vol.60 , pp. 1387-1406
    • Hopenhayn, H.1    Prescott, E.2
  • 18
    • 0001004959 scopus 로고
    • A stochastic theory of the firm
    • Li, L., 1988. A stochastic theory of the firm. Mathematics of Operations Research. 13, 447-466.
    • (1988) Mathematics of Operations Research , vol.13 , pp. 447-466
    • Li, L.1
  • 19
    • 0003319631 scopus 로고
    • Dynamic optimization under uncertainty: Nonconvex feasible set
    • Feiwel, G. (Ed.). MacMillan, New York
    • Majumdar, M., Mitra, T., Nyarko, Y., 1989. Dynamic optimization under uncertainty: nonconvex feasible set. in Feiwel, G. (Ed.), Joan Robinson and Modern Economic Theory, MacMillan, New York, pp. 545-590.
    • (1989) Joan Robinson and Modern Economic Theory , pp. 545-590
    • Majumdar, M.1    Mitra, T.2    Nyarko, Y.3
  • 20
    • 0000392394 scopus 로고
    • Capital accumulation and the optimization of renewable resource models
    • Mendelsohn, D., Sobel, M., 1980. Capital accumulation and the optimization of renewable resource models. Journal of Economic Theory 23, 243-260.
    • (1980) Journal of Economic Theory , vol.23 , pp. 243-260
    • Mendelsohn, D.1    Sobel, M.2
  • 21
    • 0001298015 scopus 로고
    • Uncertainty and optimal consumption decisions
    • Mirman, L., 1971. Uncertainty and optimal consumption decisions. Econometrica 39, 179-185.
    • (1971) Econometrica , vol.39 , pp. 179-185
    • Mirman, L.1
  • 22
    • 0000339474 scopus 로고
    • On the existence of steady-state measures for one-sector growth models with uncertainty technology
    • Mirman, L., 1972. On the existence of steady-state measures for one-sector growth models with uncertainty technology. International Economic Review 13, 271-286.
    • (1972) International Economic Review , vol.13 , pp. 271-286
    • Mirman, L.1
  • 23
    • 0001505663 scopus 로고
    • The steady-state behavior of a class of one-sector growth models with uncertainty technology
    • Mirman, L., 1973. The Steady-state behavior of a class of one-sector growth models with uncertainty technology. Journal of Economic Theory 6, 219-242.
    • (1973) Journal of Economic Theory , vol.6 , pp. 219-242
    • Mirman, L.1
  • 25
    • 0010858190 scopus 로고
    • Unbounded shadow prices for optimal stochastic growth models
    • Mirman, L., Zilcha, Y., 1976. Unbounded shadow prices for optimal stochastic growth models. International Economic Review. 17, 121-132.
    • (1976) International Economic Review , vol.17 , pp. 121-132
    • Mirman, L.1    Zilcha, Y.2
  • 27
    • 0000258307 scopus 로고
    • The accumulation of risky capital: A sequential utility analysis
    • Phelps, E., 1962. The accumulation of risky capital: a sequential utility analysis. Econometrica 30, 729-743.
    • (1962) Econometrica , vol.30 , pp. 729-743
    • Phelps, E.1
  • 28
    • 0000214581 scopus 로고
    • Smoothness of the policy function in discrete time economic models
    • Santos, M.S., 1991. Smoothness of the policy function in discrete time economic models. Econometrica 1365-1382.
    • (1991) Econometrica , pp. 1365-1382
    • Santos, M.S.1
  • 31
    • 0000348040 scopus 로고
    • Minimizing a submodular function on a lattice
    • Topkis, D., 1978. Minimizing a submodular function on a lattice. Operations Research 26 (2) 305-321.
    • (1978) Operations Research , vol.26 , Issue.2 , pp. 305-321
    • Topkis, D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.