Rationalizing policy functions by dynamic optimization

Econometrica

Volumn 67, Issue 2, 1999, Pages 375-392

  Mitra, Tapan ^a   Sorger, Gerhard ^b  

^a Cornell University ^*  (United States)

^b UNIVERSITY OF VIENNA   (Austria)

Author keywords

Dynamic optimization; Optimal growth theory; Rationalizability

Indexed keywords

EID: 0041544706     PISSN: 00129682     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-0262.00023     Document Type: Article

References (21)

1. BOLDRIN, M., AND L. MONTRUCCHIO (1986): "On the Indeterminacy of Capital Accumulation Paths," Journal of Economic Theory, 40, 26-39.
2. DEBREU, G. (1974): "Excess Demand Functions," Journal of Mathematical Economics, 1, 15-23.
3. DUTTA, P. K., AND T. MITRA (1989a): "On Continuity of the Utility Function in Intertemporal Allocation Models: An Example," International Economic Review, 30, 527-536.
4. _ (1989b): "Maximum Theorems for Convex Structures with an Application to the Theory of Optimal Intertemporal Allocation," Journal of Mathematical Economics, 18, 77-86.
5. HEWAGE, T. U., AND D. A. NEUMANN (1990): "Functions not Realizable as Policy Functions in an Optimal Growth Model," Discussion Paper, Bowling Green State University.
6. HOUTHAKKER, H. S. (1950): "Revealed Preference and the Utility Function," Economica, 17, 159-174.
7. MANTEL, R. (1974): "On the Characterization of Aggregate Excess Demand," Journal of Economic Theory, 7, 348-353.
8. MCKENZIE, L. W. (1986): "Optimal Economic Growth, Turnpike Theorems and Comparative Dynamics," in Handbook of Mathematical Economics: Volume III, ed. by K. J. Arrow and M. Intriligator. Amsterdam: North-Holland, 1281-1355.
9. MITRA, T. (1996a): "On the Nature of Policy Functions of Dynamic Optimization Models," Working Paper, Cornell University.
10. _ (1996b): "An Exact Discount Factor Restriction for Period Three Cycles in Dynamic Optimization Models," Journal of Economic Theory, 69, 281-305.
11. MITRA, T., AND G. SORGER (1997): "Rationalizing Policy Functions by Dynamic Optimization," CAE Working Paper #97-03, Cornell University.
12. MONTRUCCHIO, L. (1987): "Lipschitz Continuous Policy Functions for Strongly Concave Optimization Problems," Journal of Mathematical Economics, 16, 259-273.
13. _ (1994): "Dynamic Complexity of Optimal Paths and Discount Factors for Strongly Concave Problems," Journal of Optimization Theory and Applications, 80, 385-406.
14. MONTRUCCHIO, L., AND G. SORGER (1996): "Topological Entropy of Policy Functions in Concave Dynamic Optimization Models," Journal of Mathematical Economics, 25, 181-194.
15. NEUMANN, D., T. O'BRIEN, J. HOAG, AND K. KIM (1988): "Policy Functions for Capital Accumulation Paths," Journal of Economic Theory, 46, 205-214.
16. NISHIMURA, K., AND G. SORGER (1996): "Optimal Cycles and Chaos: A Survey," Studies in Nonlinear Dynamics and Econometrics, 1, 11-28.
17. NISHIMURA, K., AND M. YANO (1996): "On the Least Upper Bound of Discount Factors that Are Compatible with Optimal Period-Three Cycles," Journal of Economic Theory, 69, 306-333.
18. ROCKAFELLAR, R. T. (1970): Convex Analysis. Princeton: Princeton University Press.
19. SAMUELSON, P. A. (1938): "A Note on the Pure Theory of Consumer's Behavior," Economica, 5, 61-71.
20. VIAL, J. P. (1983): "Strong and Weak Convexity of Sets and Functions," Mathematics of Operations Research, 8, 231-259.
21. WEITZMAN, M. L. (1973): "Duality Theory for Infinite Horizon Convex Models," Management Science, 19, 783-789.