Optimal Buffer Stocks in Neumann-- Economies under Uncertainty

Roy Gardner and Harvey Lapan

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: There exists side-by^side substantial literatures on von Nuemann economies—especially their turnpike properties—(7, 8],—and on optimal growth theory under uncertainty (1, 2» 6]. Typically, the von Neumann models, although deterministic, have a fairly complicated product technology, while the optimal growth models rely on fairly rudimentary product technologies. The present work attempts to bring these two literatures together with the confines of a two-sector von Neumann model under uncertainty. For ease of interpretation, and as the primary application, the model is considered as one of an optimally planned economy [3, 4].

Date: 1979-01-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://dr.lib.iastate.edu/server/api/core/bitstre ... 909d52e5e16d/content
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:isu:genstf:197901010800001081

Access Statistics for this paper

More papers in ISU General Staff Papers from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().