On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply

Raouf Boucekkine (), Natali Hritonenko and Yuri Yatsenko
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Natali Hritonenko: Prairie View - Texas A&M University System

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Abstract: We prove that the introduction of endogenous indivisible labor supply into the vintage capital growth model does not rule out the turnpike and optimal permanent regime properties, notably the non-monotonicity properties of optimal paths, inherent in this model.

Keywords: endogenous labor supp; integral equations with delays and advances; Optimal control; Vintage capital (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

Published in Mathematical Economics Letters, 2013, 1 (1), pp.3--7. ⟨10.1515/mel-2013-0001⟩

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Journal Article: On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply (2013)
Working Paper: On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply (2013)
Working Paper: On the Optimal Control of the Vintage Capital Growth Model with Endogenous Labour Supply (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01498250

DOI: 10.1515/mel-2013-0001

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