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The reproductive value as part of the shadow price of population

Author

Listed:
  • Gustav Feichtinger

    (Vienna Institute of Demography (Austrian Academy of Sciences))

  • Michael Kuhn

    (Österreichische Akademie der Wissenschaften)

  • Alexia Prskawetz

    (Wittgenstein Centre for Demography and Global Human Capital (IIASA, OeAW, University of Vienna))

  • Stefan Wrzaczek

    (International Institute for Applied Systems Analysis (IIASA))

Abstract

The reproductive value (see Fisher [10]) arises as part of the shadow price of the population in a large class of age-structured optimal control models.

Suggested Citation

  • Gustav Feichtinger & Michael Kuhn & Alexia Prskawetz & Stefan Wrzaczek, 2011. "The reproductive value as part of the shadow price of population," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 24(28), pages 709-718.
    • Handle: RePEc:dem:demres:v:24:y:2011:i:28
    DOI: 10.4054/DemRes.2011.24.28
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    Cited by:

    1. Feichtinger, Gustav & Wrzaczek, Stefan, 2024. "The optimal momentum of population growth and decline," Theoretical Population Biology, Elsevier, vol. 155(C), pages 51-66.

    More about this item

    Keywords

    life history; reproductive value;

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • Z0 - Other Special Topics - - General

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