Affiliation:
1. Department of Mathematics, Technion–Israel Institute of Technology, Haifa 32000, Israel
Abstract
In this paper, we consider a discrete-time optimal control problem related to the model of Robinson, Solow and Srinivasan. We analyze this optimal control problem without concavity assumptions on a non-concave utility function which represents the preferences of the planner and establish the existence of good programs and optimal programs which are Stiglitz production programs.
Subject
General Mathematics,Engineering (miscellaneous),Computer Science (miscellaneous)
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