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Concepts of Optimality and Their Uses

Author

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  • Koopmans, Tjalling C.

    (Yale University)

Abstract

Lecture to the memory of Alfred Nobel, December 11, 1975

Suggested Citation

  • Koopmans, Tjalling C., 1975. "Concepts of Optimality and Their Uses," Nobel Prize in Economics documents 1975-2, Nobel Prize Committee.
    • Handle: RePEc:ris:nobelp:1975_002
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    References listed on IDEAS

    as
    1. David Cass, 1964. "Optimum Economic Growth in an Aggregative Model of Capital Accumulation: A Turnpike Theorem," Cowles Foundation Discussion Papers 178, Cowles Foundation for Research in Economics, Yale University.
    2. P. Massé & R. Gibrat, 1957. "Application of Linear Programming to Investments in the Electric Power Industry," Management Science, INFORMS, vol. 3(2), pages 149-166, January.
    3. A. P. Lerner, 1938. "Theory and Practice in Socialist Economics," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 6(1), pages 71-75.
    4. P. S. Dasgupta, 1969. "On the Concept of Optimum Population," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 36(3), pages 295-318.
    5. E. Malinvaud, 1967. "Decentralized Procedures for Planning," International Economic Association Series, in: E. Malinvaud & M. O. L. Bacharach (ed.), Activity Analysis in the Theory of Growth and Planning, chapter 0, pages 170-208, Palgrave Macmillan.
    6. Peter A. Diamond & Tjalling C. Koopmans & Richard E. Williamson, 1962. "Stationary Utility and Time Preference," Cowles Foundation Discussion Papers 142, Cowles Foundation for Research in Economics, Yale University.
    7. Tjalling C. Koopmans, 1959. "Stationary Ordinal Utility and Impatience," Cowles Foundation Discussion Papers 81, Cowles Foundation for Research in Economics, Yale University.
    8. Richard Beals & Tjalling C. Koopmans, 1967. "Maximizing Stationary Utility in a Constant Technology," Cowles Foundation Discussion Papers 229, Cowles Foundation for Research in Economics, Yale University.
    9. Tjalling C. Koopmans, 1967. "Intertemporal Distribution and 'Optimal' Aggregate Economic Growth," Cowles Foundation Discussion Papers 228, Cowles Foundation for Research in Economics, Yale University.
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    Cited by:

    1. Horsley, Anthony & Wrobel, Andrew J., 2007. "Profit-maximizing operation and valuation of hydroelectric plant: A new solution to the Koopmans problem," Journal of Economic Dynamics and Control, Elsevier, vol. 31(3), pages 938-970, March.
    2. Shubik Martin, 2019. "Accounting and its Relationship to General Equilibrium Theory," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 9(3), pages 1-11, December.
    3. Marc Nerlove & Assaf Razin & Efraim Sadka, 1986. "Tamaño de Población Socialmente Óptimo," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 23(68), pages 3-24.
    4. Philippe Michel & Pierre Pestieau, 1993. "Croissance optimale avec population fluctuante," Revue Économique, Programme National Persée, vol. 44(3), pages 615-624.
    5. Shubik, Martin & Sudderth, William D., 2015. "From General Equilibrium to Schumpeter," Journal of Economic Dynamics and Control, Elsevier, vol. 61(C), pages 269-282.
    6. Shubik, Martin, 1990. "A game theoretic approach to the theory of money and financial institutions," Handbook of Monetary Economics, in: B. M. Friedman & F. H. Hahn (ed.), Handbook of Monetary Economics, edition 1, volume 1, chapter 5, pages 171-219, Elsevier.
    7. Chatterjee A K & Mukherjee, Saral, 2006. "Unified Concept of Bottleneck," IIMA Working Papers WP2006-05-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
    8. Pakandam, Barzin, 2009. "Why Easter Island collapsed: an answer for an enduring question," Economic History Working Papers 27864, London School of Economics and Political Science, Department of Economic History.
    9. Mukherjee, Saral & Chatterjee, A.K., 2006. "The average shadow price for MILPs with integral resource availability and its relationship to the marginal unit shadow price," European Journal of Operational Research, Elsevier, vol. 169(1), pages 53-64, February.
    10. Pezzey, John C. V. & Anderies, John M., 2003. "The effect of subsistence on collapse and institutional adaptation in population-resource societies," Journal of Development Economics, Elsevier, vol. 72(1), pages 299-320, October.
    11. Polterovich, V., 2012. "Kantorovich's Theory of Optimal Resource Allocation Within the History of Economic Thought," Journal of the New Economic Association, New Economic Association, vol. 13(1), pages 176-180.
    12. John C. V. Pezzey & John M. Anderies, 2000. "Some Further Economics of Easter Island: Adding Subsistence and Resource Conservation," Working Papers in Ecological Economics 0002, Australian National University, Centre for Resource and Environmental Studies, Ecological Economics Program.
    13. Dmitry B. Rokhlin, 2011. "On the game interpretation of a shadow price process in utility maximization problems under transaction costs," Papers 1112.2406, arXiv.org, revised Dec 2011.
    14. Vouvaki, Dimitra & Xepapadeas, Anastasios, 2008. "Changes in social welfare and sustainability: Theoretical issues and empirical evidence," Ecological Economics, Elsevier, vol. 67(3), pages 473-484, October.
    15. Matheus Assaf, 2017. "Coast to Coast: How MIT's students linked the Solow model and optimal growth theory," Working Papers, Department of Economics 2017_20, University of São Paulo (FEA-USP).
    16. Sidney G. Winter, 2002. "Toward an Evolutionary Theory of Production," LEM Papers Series 2002/27, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    17. Martin Shubik, 2010. "Innovation and Equilibrium?," Chapters, in: Dimitri B. Papadimitriou & L. Randall Wray (ed.), The Elgar Companion to Hyman Minsky, chapter 8, Edward Elgar Publishing.
    18. Dmitry Rokhlin, 2013. "On the game interpretation of a shadow price process in utility maximization problems under transaction costs," Finance and Stochastics, Springer, vol. 17(4), pages 819-838, October.
    19. Anand, Sudhir & Sen, Amartya, 2000. "Human Development and Economic Sustainability," World Development, Elsevier, vol. 28(12), pages 2029-2049, December.

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    More about this item

    Keywords

    allocation of resources;

    JEL classification:

    • D00 - Microeconomics - - General - - - General

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