Why politics makes strange bedfellows: Dynamic model with DNS curves

Journal of Optimization Theory and Applications

Volumn 111, Issue 2, 2001, Pages 237-254

  Caulkins, J P ^a   Hartl, R F ^b   Tragler, G ^c   Feichtinger, G ^c  

^a CARNEGIE MELLON UNIVERSITY   (United States)

^b UNIVERSITY OF VIENNA   (Austria)

^c VIENNA UNIVERSITY OF TECHNOLOGY   (Austria)

Author keywords

Multiple equilibria; Optimal control; Political behavior; Thresholds

Indexed keywords

CURVE FITTING;

CONDITION; CONTROL VARIABLE; DYNAMICS MODELS; MULTIPLE EQUILIBRIUM; OPTIMAL CONTROLS; PARAMETER RANGE; POLITICAL BEHAVIORS; SADDLE POINT; THRESHOLD; TWO-DIMENSIONAL SYSTEMS;

EIGENVALUES AND EIGENFUNCTIONS;

EID: 0040780613     PISSN: 00223239     EISSN: None     Source Type: Journal    
DOI: 10.1023/a:1011925332503     Document Type: Article

References (8)

1. HOTELLING, H., Stability in Competition, Economic Journal, Vol. 39, pp. 41-57, 1929.
2. BLACK, D., On the Rationale of Group Decision Making, Journal of Political Economy, pp. 23-34, 1948.
3. FEICHTINGER, G., and HARTL, R. F., Optimal Control of Economic Processes: Applications of the Maximum Principle in Economics and Management, De Gruyter, Berlin, Germany, 1986 (in German).
4. SKIBA, A. K., Optimal Growth with a Convex-Concave Production Function, Econometrica, Vol. 46, pp. 527-539, 1978.
5. DECHERT, D. W., and NISHIMURA, K., Complete Characterization of Optimal Growth Paths in an Aggregative Model with a Nonconcave Production Function, Journal of Economic Theory, Vol. 31, pp. 332-354, 1983.
6. FEICHTINGER, G., HARTL, R. F., KORT P. M., and WIRL, F., The Dynamics of a Simple Relative Adjustment-Cost Framework, German Economic Review, Vol. 2, 2001 (to appear).
7. HARTL, R. F., KORT, P. M., FEICHTINGER, G., and WIRL, F., Thresholds Due to Relative Investment Costs: Convex-Concave, Focus-Node, Continuous-Discontinuous, POM Working Paper 10/2000, University of Vienna, 2000.
8. HAUNSCHMIED, J. L., KORT, P. M., HARTL, R. F., and FEICHTINGER, G., A DNS Curve in a Two-State Capital Accumulation Model: A Numerical Analysis, POM Working Paper 3/2000, University of Vienna, 2000, to appear in Journal of Economic Dynamics and Control.