The Dynamics of a Simple Relative Adjustment Cost Framework
Author
Abstract
Suggested Citation
DOI: 10.1111/1468-0475.00037
Download full text from publisher
Other versions of this item:
- Feichtinger Gustav & Kort Peter M. & Hartl Richard F. & Wirl Franz, 2001. "The Dynamics of a Simple Relative Adjustment Cost Framework," German Economic Review, De Gruyter, vol. 2(3), pages 255-268, August.
- Wirl, F. & Hartl, R.F. & Feichtinger, G. & Kort, P.M., 2001. "The dynamics of a simple relative adjustment-cost framework," Other publications TiSEM ef37789b-064c-41db-8cfc-8, Tilburg University, School of Economics and Management.
References listed on IDEAS
- W. Davis Dechert & Kazuo Nishimura, 2012.
"A Complete Characterization of Optimal Growth Paths in an Aggregated Model with a Non-Concave Production Function,"
Springer Books, in: John Stachurski & Alain Venditti & Makoto Yano (ed.), Nonlinear Dynamics in Equilibrium Models, edition 127, chapter 0, pages 237-257,
Springer.
- Dechert, W. Davis & Nishimura, Kazuo, 1983. "A complete characterization of optimal growth paths in an aggregated model with a non-concave production function," Journal of Economic Theory, Elsevier, vol. 31(2), pages 332-354, December.
- Skiba, A K, 1978. "Optimal Growth with a Convex-Concave Production Function," Econometrica, Econometric Society, vol. 46(3), pages 527-539, May.
- Kort, P.M. & Jorgensen, S., 1993. "Dynamic investment policy with installation experience effects," Other publications TiSEM bb9bb929-3b55-4f01-ab0a-2, Tilburg University, School of Economics and Management.
- d'Autume, Antoine & Michel, Philippe, 1985.
"Future Investment Constraints Reduce Present Investment,"
Econometrica, Econometric Society, vol. 53(1), pages 203-206, January.
- Antoine d'Autume & Philippe Michel, 1985. "Future Investment Constraints Reduce Present Investment," Post-Print halshs-00430114, HAL.
- Antoine d'Autume & Philippe Michel, 1985. "Future Investment Constraints Reduce Present Investment," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00430114, HAL.
- Hayashi, Fumio, 1982.
"Tobin's Marginal q and Average q: A Neoclassical Interpretation,"
Econometrica, Econometric Society, vol. 50(1), pages 213-224, January.
- Fumio Hayashi, 1981. "Tobin's Marginal q and Average a : A Neoclassical Interpretation," Discussion Papers 457, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Robert E. Lucas & Jr., 1967. "Adjustment Costs and the Theory of Supply," Journal of Political Economy, University of Chicago Press, vol. 75(4), pages 321-321.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Chen, Shu-hua & Shaw, Ming-fu & Lai, Ching-chong & Chang, Juin-jen, 2008. "Interest-rate rules and transitional dynamics in an endogenously growing open economy," Journal of International Money and Finance, Elsevier, vol. 27(1), pages 54-75, February.
- Willi SEMMLER & Wenlang ZHANG, 2010. "Monetary Policy Rules with Nonlinear Philips Curve and Endogenous Nairu," EcoMod2004 330600128, EcoMod.
- Grüne, Lars & Semmler, Willi & Stieler, Marleen, 2015.
"Using nonlinear model predictive control for dynamic decision problems in economics,"
Journal of Economic Dynamics and Control, Elsevier, vol. 60(C), pages 112-133.
- Willi Semmler & Lars Grüne & Marleen Stieler, 2013. "Using Nonlinear Model Predictive Control for Dynamic Decision Problems in Economics," EcoMod2013 5782, EcoMod.
- Herbert Dawid & Engelbert Dockner & Richard Hartl & Josef Haunschmied & Ulrike Leopold-Wildburger & Mikulas Luptacik & Alexander Mehlmann & Alexia Prskawetz & Marion Rauner & Gerhard Sorger & Gernot T, 2010. "Gustav Feichtinger celebrates his 70th birthday," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 18(4), pages 437-451, December.
- Grune, Lars & Semmler, Willi, 2004. "Using dynamic programming with adaptive grid scheme for optimal control problems in economics," Journal of Economic Dynamics and Control, Elsevier, vol. 28(12), pages 2427-2456, December.
- Ming-fu Shaw & Shu-hua Chen & Ching-chong Lai & Juin-jen Chang, 2004. "Interest Rate Rules, Target Policies, and Endogenous Economic Growth in an Open Economy," IEAS Working Paper : academic research 04-A004, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- J. P. Caulkins & R. F. Hartl & G. Tragler & G. Feichtinger, 2001. "Why Politics Makes Strange Bedfellows: Dynamic Model with DNS Curves," Journal of Optimization Theory and Applications, Springer, vol. 111(2), pages 237-254, November.
- Shaw, Ming-Fu & Lai, Ching-Chong & Chang, Wen-Ya, 2005. "Anticipated policy and endogenous growth in a small open monetary economy," Journal of International Money and Finance, Elsevier, vol. 24(5), pages 719-743, September.
- Chen, Ping-ho & Lai, Ching-chong & Chu, Hsun, 2016. "Welfare effects of tourism-driven Dutch disease: The roles of international borrowings and factor intensity," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 381-394.
- Lai, Ching-Chong & Chin, Chi-Ting, 2013. "Monetary Rules And Endogenous Growth In An Open Economy," Macroeconomic Dynamics, Cambridge University Press, vol. 17(2), pages 431-463, March.
- Ching-chong Lai & Chi-ting Chin, 2010. "(In)determinacy, increasing returns, and the optimality of the Friedman rule in an endogenously growing open economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 44(1), pages 69-100, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Wagener, F.O.O., 2005.
"Structural analysis of optimal investment for firms with non-concave revenue,"
Journal of Economic Behavior & Organization, Elsevier, vol. 57(4), pages 474-489, August.
- Florian Wagener, 2004. "Structural analysis of optimal investment for firms with non-concave revenues," Computing in Economics and Finance 2004 187, Society for Computational Economics.
- Haunschmied, Josef L. & Kort, Peter M. & Hartl, Richard F. & Feichtinger, Gustav, 2003.
"A DNS-curve in a two-state capital accumulation model: a numerical analysis,"
Journal of Economic Dynamics and Control, Elsevier, vol. 27(4), pages 701-716, February.
- Haunschmied, J.L. & Kort, P.M. & Hartl, R.F. & Feichtinger, G., 2003. "A DNS-curve in a two-state capital accumulation model : A numerical analysis," Other publications TiSEM 3c849711-428b-42d8-972d-5, Tilburg University, School of Economics and Management.
- R. F. Hartl & P. M. Kort & G. Feichtinger & F. Wirl, 2004. "Multiple Equilibria and Thresholds Due to Relative Investment Costs," Journal of Optimization Theory and Applications, Springer, vol. 123(1), pages 49-82, October.
- Sylvain Catherine & Thomas Chaney & Zongbo Huang & David Sraer & David Thesmar, 2022.
"Quantifying Reduced‐Form Evidence on Collateral Constraints,"
Journal of Finance, American Finance Association, vol. 77(4), pages 2143-2181, August.
- Sylvain Catherine & Thomas Chaney & Zongbo Huang & David Sraer & David Thesmar, 2018. "Quantifying Reduced-Form Evidence on Collateral Constraints," SciencePo Working papers Main hal-03393129, HAL.
- Sylvain Catherine & Thomas Chaney & Zongbo Huang & David Sraer & David Thesmar, 2018. "Quantifying Reduced-Form Evidence on Collateral Constraints," Working Papers hal-03393129, HAL.
- Sylvain Catherine & Thomas Chaney & Zongbo Huang & David Sraer & David Thesmar, 2018. "Quantifying Reduced-Form Evidence on Collateral Constraints," SciencePo Working papers hal-03393129, HAL.
- Sylvain Catherine & Thomas Chaney & Zongbo Huang & David Sraer & David Thesmar, 2022. "Quantifying Reduced-Form Evidence on Collateral Constraints," Post-Print hal-03869851, HAL.
- Sylvain Catherine & Thomas Chaney & Zongbo Huang & David Sraer & David Thesmar, 2022. "Quantifying Reduced-Form Evidence on Collateral Constraints," SciencePo Working papers Main hal-03869851, HAL.
- Azariadis, Costas & Stachurski, John, 2005.
"Poverty Traps,"
Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 5,
Elsevier.
- Costas Aariadis & John Stachurski, 2004. "Poverty Traps," Department of Economics - Working Papers Series 913, The University of Melbourne.
- Dawid, Herbert & Kopel, Michael, 1997. "On the Economically Optimal Exploitation of a Renewable Resource: The Case of a Convex Environment and a Convex Return Function," Journal of Economic Theory, Elsevier, vol. 76(2), pages 272-297, October.
- Francesco Bartaloni, 2021. "Existence of the Optimum in Shallow Lake Type Models with Hysteresis Effect," Journal of Optimization Theory and Applications, Springer, vol. 190(2), pages 358-392, August.
- Kiley, Michael T., 2001. "Computers and growth with frictions: aggregate and disaggregate evidence," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 55(1), pages 171-215, December.
- Tryphon Kollintzas, 1986. "Tax Policy under Nongeometric Physical Depreciation," Public Finance Review, , vol. 14(3), pages 263-288, July.
- Shaukat, Badiea & Zhu, Qigui & Khan, M. Ijaz, 2019. "Real interest rate and economic growth: A statistical exploration for transitory economies," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 534(C).
- Alan Carruth & Andy Dickerson & Andrew Henley, 2000.
"What do We Know About Investment Under Uncertainty?,"
Journal of Economic Surveys, Wiley Blackwell, vol. 14(2), pages 119-154, April.
- Alan Carruth & Andy Dickerson & Andrew Henley, 1998. "What Do We Know About Investment Under Uncertainty?," Studies in Economics 9804, School of Economics, University of Kent.
- Philip L. Brock, 2009. "Collateral Constraints and Macroeconomic Adjustment in an Open Economy," Working Papers UWEC-2009-03, University of Washington, Department of Economics.
- Zeiler, I. & Caulkins, J.P. & Tragler, G., 2011. "Optimal control of interacting systems with DNSS property: The case of illicit drug use," Journal of Economic Behavior & Organization, Elsevier, vol. 78(1), pages 60-73.
- Brito, Paulo B. & Costa, Luís F. & Dixon, Huw, 2013.
"Non-smooth dynamics and multiple equilibria in a Cournot–Ramsey model with endogenous markups,"
Journal of Economic Dynamics and Control, Elsevier, vol. 37(11), pages 2287-2306.
- Brito, Paulo & Costa, Lu s F. & Dixon, Huw David, 2008. "Non-smooth Dynamics and Multiple Equilibria in a Cournot-Ramsey Model with Endogenous Markups," Cardiff Economics Working Papers E2008/21, Cardiff University, Cardiff Business School, Economics Section, revised Jul 2010.
- Paulo Brito & Luís Costa & Huw Dixon, 2010. "Non-Smooth Dynamics and Multiple Equilibria in a Cournt-Ramsey Model with Endogenous Markups," Working Papers Department of Economics 2010/14, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
- Wirl, Franz, 2009. "OPEC as a political and economical entity," European Journal of Political Economy, Elsevier, vol. 25(4), pages 399-408, December.
- Wagener, F.O.O., 2013. "Economics of environmental regime shifts," CeNDEF Working Papers 13-08, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
- G. Feichtinger & A. Steindl, 2006. "DNS Curves in a Production/Inventory Model," Journal of Optimization Theory and Applications, Springer, vol. 128(2), pages 295-308, February.
- Andrei Polbin & Sergey Drobyshevsky, 2014. "Developing a Dynamic Stochastic Model of General Equilibrium for the Russian Economy," Research Paper Series, Gaidar Institute for Economic Policy, issue 166P, pages 156-156.
- Jean-Bernard Chatelain, 2002. "Structural modelling of investment and financial constraints: Where do we stand?," Working Paper Research 28, National Bank of Belgium.
- Feichtinger, Gustav & Grass, Dieter & Kort, Peter M. & Seidl, Andrea, 2021. "On the Matthew effect in research careers," Journal of Economic Dynamics and Control, Elsevier, vol. 123(C).
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:germec:v:2:y:2001:i:3:p:255-268. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/vfsocea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.