On the non-existence of optimal programs in the Robinson-Solow-Srinivasan (RSS) model

M. Khan and Adriana Piazza

Economics Letters, 2010, vol. 109, issue 2, 94-98

Abstract: We show that in the 2-sector RSS model, there is no optimal program for any initial stock when the felicity function is linear and the marginal rate [xi] equals unity. This settles a conjecture, unresolved since 2005.

Keywords: RSS; model; Optimal; programs; Brock; prices; Minimum; value-loss; programs; Cesaro; means; convergence (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0165-1765(10)00274-0
Full text for ScienceDirect subscribers only

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:eee:ecolet:v:109:y:2010:i:2:p:94-98

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Catherine Liu ().