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A DNS-curve in a two-state capital accumulation model : A numerical analysis

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  • Haunschmied, J.L.
  • Kort, P.M.

    (Tilburg University, School of Economics and Management)

  • Hartl, R.F.
  • Feichtinger, G.

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  • 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.
    • Handle: RePEc:tiu:tiutis:3c849711-428b-42d8-972d-52c236605ab2
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    1. Barucci, Emilio, 1998. "Optimal Investments with Increasing Returns to Scale," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(3), pages 789-808, August.
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    10. 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.
    11. Skiba, A K, 1978. "Optimal Growth with a Convex-Concave Production Function," Econometrica, Econometric Society, vol. 46(3), pages 527-539, May.
    12. Steindl, Alois & Feichtinger, Gustav & Hartl, Richard F. & Sorger, Gerhard, 1986. "On the optimality of cyclical employment policies: A Numerical Investigation," Journal of Economic Dynamics and Control, Elsevier, vol. 10(4), pages 457-466, December.
    13. Feichtinger, Gustav & Novak, Andreas & Wirl, Franz, 1994. "Limit cycles in intertemporal adjustment models : Theory and applications," Journal of Economic Dynamics and Control, Elsevier, vol. 18(2), pages 353-380, March.
    14. Brock, W. A. & Dochert, W. D., 1983. "The Generalized Maximum Principle," SSRI Workshop Series 292592, University of Wisconsin-Madison, Social Systems Research Institute.
    15. 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.
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    Cited by:

    1. Jonathan P. Caulkins & Gustav Feichtinger & Josef Haunschmied & Gernot Tragler, 2006. "Quality Cycles and the Strategic Manipulation of Value," Operations Research, INFORMS, vol. 54(4), pages 666-677, August.
    2. F. O. O. Wagener, 2006. "Skiba Points for Small Discount Rates," Journal of Optimization Theory and Applications, Springer, vol. 128(2), pages 261-277, February.
    3. 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.
    4. Haunschmied, Josef L. & Feichtinger, Gustav & Hartl, Richard F. & Kort, Peter M., 2005. "Keeping up with the technology pace: A DNS-curve and a limit cycle in a technology investment decision problem," Journal of Economic Behavior & Organization, Elsevier, vol. 57(4), pages 509-529, August.
    5. 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.
    6. Caulkins, Jonathan P. & Hartl, Richard F. & Kort, Peter M. & Feichtinger, Gustav, 2007. "Explaining fashion cycles: Imitators chasing innovators in product space," Journal of Economic Dynamics and Control, Elsevier, vol. 31(5), pages 1535-1556, May.
    7. Caulkins, Jonathan P. & Feichtinger, Gustav & Grass, Dieter & Hartl, Richard F. & Kort, Peter M., 2011. "Two state capital accumulation with heterogenous products: Disruptive vs. non-disruptive goods," Journal of Economic Dynamics and Control, Elsevier, vol. 35(4), pages 462-478, April.
    8. 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.
    9. Herbert Dawid & Michel Y. Keoula & Peter M. Kort, 2017. "Numerical Analysis of Markov-Perfect Equilibria with Multiple Stable Steady States: A Duopoly Application with Innovative Firms," Dynamic Games and Applications, Springer, vol. 7(4), pages 555-577, December.
    10. repec:tiu:tiutis:e656c1f0-c869-4ee6-b49b-247830a75965 is not listed on IDEAS
    11. repec:uto:dipeco:201338 is not listed on IDEAS
    12. Mavi, Can Askan, 2020. "Can harmful events be another source of environmental traps?," Journal of Mathematical Economics, Elsevier, vol. 89(C), pages 29-46.
    13. Dawid, Herbert & Greiner, Alfred & Zou, Benteng, 2010. "Optimal foreign investment dynamics in the presence of technological spillovers," Journal of Economic Dynamics and Control, Elsevier, vol. 34(3), pages 296-313, March.
    14. Emmanuelle Fortune-Devlaminckx & Josef Haunschmied, 2010. "Diversity of firm’s life cycle adapted from the firm’s technology investment decision," 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 477-489, December.
    15. Caulkins, J.P. & Feichtinger, G. & Grass, D. & Hartl, R.F. & Kort, P.M. & Seidl, A., 2011. "Optimal pricing of a conspicuous product during a recession that freezes capital markets," Journal of Economic Dynamics and Control, Elsevier, vol. 35(1), pages 163-174, January.
    16. 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.
    17. Can Askan Mavi, 2020. "Can harmful events be another source of environmental traps?," Post-Print hal-02880592, HAL.
    18. Ken-Ichi Akao & Takashi Kamihigashi & Kazuo Nishimura, 2015. "Critical Capital Stock in a Continuous-Time Growth Model with a Convex-Concave Production Function," Discussion Paper Series DP2015-39, Research Institute for Economics & Business Administration, Kobe University.
    19. Privileggi, Fabio, 2015. "Takeoff vs. stagnation in endogenous recombinant growth models," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 108(C), pages 184-214.
    20. Wirl Franz & Novak Andreas J. & Hof Franz X., 2008. "Happiness due to Consumption and its Increases, Wealth and Status," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 12(4), pages 1-34, December.

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