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2000 | OriginalPaper | Buchkapitel

An Exact Discount Factor Restriction for Period-Three Cycles in Dynamic Optimization Models

verfasst von : Tapan Mitra

Erschienen in: Optimization and Chaos

Verlag: Springer Berlin Heidelberg

Enthalten in: Professional Book Archive

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Consider a standard aggregative dynamic optimization framework (Ω, u, δ), where Ω is the transition possibility (technology) set, u is a (reduced form) utility function defined on this set, and 0 < δ < 1 a discount factor. Can an optimal program in this framework exhibit a period-three cycle?

Vorheriges Kapitel On the Minimum Rate of Impatience for Complicated Optimal Growth Paths

Nächstes Kapitel On the Least Upper Bound of Discount Factors that are Compatible with Optimal Period-Three Cycles

Titel: An Exact Discount Factor Restriction for Period-Three Cycles in Dynamic Optimization Models
verfasst von: Tapan Mitra
Verlag: Springer Berlin Heidelberg
Buch: Optimization and Chaos
Print ISBN: 978-3-642-08636-6

Electronic ISBN: 978-3-662-04060-7

Copyright-Jahr: 2000
DOI: https://doi.org/10.1007/978-3-662-04060-7_11

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