IDEAS home Printed from https://ideas.repec.org/a/eee/jetheo/v45y1988i2p288-315.html
   My bibliography  Save this article

Intertemporal optimality in a closed linear model of production

Author

Listed:
  • Dasgupta, Swapan
  • Mitra, Tapan

Abstract

The paper presents the main results on intertemporal optimality with discounting in a closed linear model of production, including the price characterization of optimal programs, the existence of a steady-state optimal program, and a turnpike property of optimal programs from arbitrary initial stocks. Some of these results are used to provide a characterization of the optimality of competitive programs in terms of a “decentralizable” condition.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Dasgupta, Swapan & Mitra, Tapan, 1988. "Intertemporal optimality in a closed linear model of production," Journal of Economic Theory, Elsevier, vol. 45(2), pages 288-315, August.
    • Handle: RePEc:eee:jetheo:v:45:y:1988:i:2:p:288-315
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/0022-0531(88)90271-2
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jensen, Martin Kaae, 2012. "Global stability and the “turnpike” in optimal unbounded growth models," Journal of Economic Theory, Elsevier, vol. 147(2), pages 802-832.
    2. Gunter Stephan, 1990. "Innovation, Decentralization and Equilibrium," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 126(II), pages 129-145, June.
    3. Kaganovich, Michael, 1998. "Sustained endogenous growth with decreasing returns and heterogeneous capital," Journal of Economic Dynamics and Control, Elsevier, vol. 22(10), pages 1575-1603, August.

    More about this item

    JEL classification:

    • D00 - Microeconomics - - General - - - General
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

    Statistics

    Access and download statistics

    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:eee:jetheo:v:45:y:1988:i:2:p:288-315. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622869 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.