Turnpike Theory for the Robinson-Solow-Srinivasan Model
Alexander J Zaslavski
Gebundenes Buch

Turnpike Theory for the Robinson-Solow-Srinivasan Model

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This book is devoted to the study of a class of optimal control problems arising in mathematical economics, related to the Robinson-Solow-Srinivasan (RSS) model. It will be useful for researches interested in the turnpike theory, infinite horizon optimal control and their applications, and mathematical economists. The RSS is a well-known model of economic dynamics that was introduced in the 1960s and as many other models of economic dynamics, the RSS model is determined by an objective function (a utility function) and a set-valued mapping (a technology map). The set-valued map generates a dyn...