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A Support Price Theorem for the Continuous Time Model of Capital Accumulation

Takekuma, Shin-Ichi (1979) A Support Price Theorem for the Continuous Time Model of Capital Accumulation. Social Science Working Paper, 243. California Institute of Technology , Pasadena, CA. (Unpublished)

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In this paper, we shall consider a model of capital accumulation and prove the existence of a support price path for the optimal path of capital accumulation. The considered economic model is a continuous time model of infinite horizon.

Item Type:Report or Paper (Working Paper)
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Additional Information:Published as Takekuma, Shin-Ichi. "A support price theorem for the continuous time model of capital accumulation." Econometrica: Journal of the Econometric Society (1982): 427-442.
Group:Social Science Working Papers
Subject Keywords:Economic models, Mathematical functions, Utility functions, Continuous functions, Economic theory, Capital accumulation, Optimal control, Hamiltonian functions, Mathematical models, Existence theorems
Series Name:Social Science Working Paper
Issue or Number:243
Record Number:CaltechAUTHORS:20171018-150122970
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Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:82466
Deposited By: Jacquelyn Bussone
Deposited On:19 Oct 2017 18:43
Last Modified:03 Oct 2019 18:54

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