The Reproductive Value as Part of the Shadow Price of Population
Alexia Fürnkranz-Prskawetz and
No 1106, VID Working Papers from Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna
The reproductive value (see Fisher 1930) arises as part of the shadow price of the population in a large class of age-structured optimal control models.
Keywords: Reproductive value; distributed optimal control theory; McKendrick equation; shadow price; indirect effect. (search for similar items in EconPapers)
Pages: 10 pages
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Journal Article: The reproductive value as part of the shadow price of population (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:vid:wpaper:1106
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