Non-convexity, Discounting and Infinite Horizon Optimization
نویسنده
چکیده
We consider the discounted aggregative model of optimal economic growth with non-convex production technology. We review some of the important results on the nature and long run behavior of optimal accumulation paths and indicate how these differ qualitatively from the ones in the classical convex version of the model.
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تاریخ انتشار 2009