STABILITY OF A TURNPIKE PHENOMENON FOR THE ROBINSON-SOLOW-SRINIVASAN MODEL

TitleSTABILITY OF A TURNPIKE PHENOMENON FOR THE ROBINSON-SOLOW-SRINIVASAN MODEL
Publication TypeJournal Article
Year of Publication2011
AuthorsZASLAVSKI ALEXANDERJ
JournalDynamic Systems and Applications
Volume20
Start Page25
Pagination20
Date Published2011
ISSN1056-2176
AMS Subject Classification49J99
Abstract

We study the structure of solutions for a class of discrete-time optimal control problems. These control problems arise in economic dynamics and describe a model proposed by Robinson, Solow and Srinivasan. We are interested in turnpike properties of the approximate solutions which are independent of the length of the interval, for all sufficiently large intervals. In the present paper we show that these turnpike properties are stable under perturbations of an objective function.
PDFhttps://acadsol.eu/dsa/articles/20/03-DSA-30-10.pdf
Refereed DesignationRefereed