On the dynamics of capital accumulation across space
نویسندگان
چکیده
منابع مشابه
On the dynamics of capital accumulation across space
We solve an optimal growth model in continuous space, continuous and bounded time. The optimizer chooses the optimal trajectories of capital and consumption across space and time by maximizing an objective function with both space and time discounting. We extract the corresponding Pontryagin conditions and prove their sufficiency. We end up with a system of two parabolic differential equations ...
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ژورنال
عنوان ژورنال: European Journal of Operational Research
سال: 2008
ISSN: 0377-2217
DOI: 10.1016/j.ejor.2007.02.031