An Optimal Control Problem Related to the RSS Model

Alexander J. Zaslavski ()
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Alexander J. Zaslavski: Department of Mathematics, Technion–Israel Institute of Technology, Haifa 32000, Israel

Mathematics, 2023, vol. 11, issue 17, 1-14

Abstract: In this paper, we consider a discrete-time optimal control problem related to the model of Robinson, Solow and Srinivasan. We analyze this optimal control problem without concavity assumptions on a non-concave utility function which represents the preferences of the planner and establish the existence of good programs and optimal programs which are Stiglitz production programs.

Keywords: choice of technique; good program; Stiglitz production program; weakly maximal program (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2023
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