STOCHASTIC VERSION OF POLTEROVICH'S MODEL: EXPONENTIAL TURNPIKE THEOREMS FOR EQUILIBRIUM PATHS
Rabah Amir () and
Macroeconomic Dynamics, 1999, vol. 3, issue 02, pages 149-166
The paper examines a stochastic analogue of the Polterovich model ofeconomic dynamics. The study focuses on the asymptotic properties ofequilibrium paths. The main results are stochastic turnpike theorems withexponential estimates of the convergence rate.
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