A Characterization of Infinite Horizon Optimality in Terms of Finite Horizon Optimality and a Critical Stock Condition

Tapan Mitra and Debraj Ray

Chapter 7 in Decentralization in Infinite Horizon Economies, 2015, pp 114-118 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:INTRODUCTIONTHE MODELFEASIBLE PROGRAMSOPTIMAL PROGRAMSFINITE HORIZON PROGRAMSA CRITICAL STOCKRESULTSREFERENCES

Keywords: Efficient Allocations; Optimal Growth; Transversality Conditions; Decentralization; Mechanism Design; Rolling Plans (search for similar items in EconPapers)
Date: 2015
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