On the Optimal Stationary State for the Quasi-Stationary Model of Capital Accumulation under Uncertainty : The Characterization of the Discounted Golden-Rule State by Prices
スポンサーリンク
概要
- 論文の詳細を見る
A general quasi-stationary model of capital accumulation under uncertainty is considered and the discounted golden-rule state is characterized by prices. A support price for the discounted golden-rule state, which is a finitely additive vector-valued measure, is proved to exist. By using the support price, the discounted golden-rule state is shown to be an optimal stationary state. Also, under the assumption of monotonicity, support prices are proved to be integrable functions.
- 一橋大学の論文
著者
関連論文
- On the Existence of an Equilibrium for an Aggregate Model of Stationary Markov Economy
- On the Existence of Optimal Stationary States in Capital Accumulation under Uncertainty : A Case of Linear Direct Utility
- Support Prices for Optimal Programs of Capital Accumulation in a General Reduced Model under Uncertainty
- On Duality Theory for the Continuous Time Model of Capital Accumulation
- A New Concept of Equilibrium for a Private Ownership Economy with Profit-Making Firms
- On Existence of Optimal Programs of Capital Trading Structures : The Case of the Japanese General Trading Companies
- Price Formation and Cooperative Behavior of Firms : A Limit Theorem on Competition among Firms
- On the Optimal Stationary State for the Quasi-Stationary Model of Capital Accumulation under Uncertainty : The Characterization of the Discounted Golden-Rule State by Prices