G2TT
来源类型Article
规范类型其他
DOI10.1134/S0081543817090152
Some Facts about the Ramsey Model.
Lebedev PD; Tarasyev AM
发表日期2017
出处Proceedings of the Steklov Institute of Mathematics 299 (S1): 123-131
出版年2017
语种英语
摘要In modeling the dynamics of capital, the Ramsey equation coupled with the Cobb–Douglas production function is reduced to a linear differential equation by means of the Bernoulli substitution. This equation is used in the optimal growth problem with logarithmic preferences. The study deals with solving the corresponding infinite horizon optimal control problem. We consider a vector field of the Hamiltonian system in the Pontryagin maximum principle, taking into account control constraints. We prove the existence of two alternative steady states, depending on the constraints. This result enriches our understanding of the model analysis in the optimal control framework.
主题Ecosystems Services and Management (ESM)
URLhttp://pure.iiasa.ac.at/id/eprint/15126/
来源智库International Institute for Applied Systems Analysis (Austria)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/131168
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GB/T 7714
Lebedev PD,Tarasyev AM. Some Facts about the Ramsey Model.. 2017.
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