Optimal Growth Models with Bounded or Unbounded Returns: a Unifying Approach

Cuong Le van and L. Morhaim

Papiers d'Economie Mathématique et Applications from Université Panthéon-Sorbonne (Paris 1)

Abstract: In this paper we propose a unifying approach to study optimal growth models with bounded or unbounded returns. We prove existence of optimal solutions. We prove also, without using contraction method, that the value function is the unique solution to the Bellman equation in some classes of functions.

Keywords: UTILITY FUNCTIONS; GROWHT MODELS; GROWTH RATE (search for similar items in EconPapers)
JEL-codes: C61 O41 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2000
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Optimal Growth Models with Bounded or Unbounded Returns: A Unifying Approach (2002)
Working Paper: Optimal growth models with bounded or unbounded returns: a unifying approach (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:pariem:2000.64

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