A uniform neighborhood turnpike theorem and applications

César Leonardo Guerrero-Luchtenberg

doi:10.1016/S0304-4068(00)00039-2

A uniform neighborhood turnpike theorem and applications

César Leonardo Guerrero-Luchtenberg

Research output: Contribution to journal › Article › Research › peer-review

2 Citations (Scopus)

Abstract

We prove a uniform neighborhood turnpike theorem for a family of optimal growth problems arising from a family of felicity functions. Then, assuming stronger hypothesis, we prove a uniform turnpike theorem. Finally, in view of the natural connections between both theorems and the role played by discounting in permitting erratic behavior, some dynamic implications are discussed. © 2000 Elsevier Science S.A.

Original language	English
Pages (from-to)	329-357
Journal	Journal of Mathematical Economics
Volume	34
Issue number	3
DOIs	https://doi.org/10.1016/S0304-4068(00)00039-2
Publication status	Published - 1 Jan 2000

Keywords

C61
Complicated dynamics
E32
Felicity functions
O41
Optimal growth problems
Turnpike theorems

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AB - We prove a uniform neighborhood turnpike theorem for a family of optimal growth problems arising from a family of felicity functions. Then, assuming stronger hypothesis, we prove a uniform turnpike theorem. Finally, in view of the natural connections between both theorems and the role played by discounting in permitting erratic behavior, some dynamic implications are discussed. © 2000 Elsevier Science S.A.

KW - C61

KW - Complicated dynamics

KW - E32

KW - Felicity functions

KW - O41

KW - Optimal growth problems

KW - Turnpike theorems

U2 - 10.1016/S0304-4068(00)00039-2

DO - 10.1016/S0304-4068(00)00039-2

M3 - Article

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JO - Journal of Mathematical Economics

JF - Journal of Mathematical Economics

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