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Existence of solutions in continuous-time optimal growth models

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Abstract

This paper studies the existence of solutions in continuous time optimization problems. It provides a theorem whose conditions can be easily checked in most models of the optimal growth theory, including those with increasing returns and multi-sector economies.

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Authors and Affiliations

  1. Toulouse School of Economics, (LERNA), University of Toulouse, Toulouse, France

    Hippolyte d’Albis

  2. Paris School of Economics, University of Paris 1, CNRS, Paris, France

    Pascal Gourdel & Cuong Le Van

  3. CES, MSE, 106 Boulevard de l’Hôpital, 75013, Paris, France

    Pascal Gourdel

Authors
  1. Hippolyte d’Albis
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  2. Pascal Gourdel
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  3. Cuong Le Van
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Correspondence to Pascal Gourdel.

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d’Albis, H., Gourdel, P. & Le Van, C. Existence of solutions in continuous-time optimal growth models. Econ Theory 37, 321–333 (2008). https://doi.org/10.1007/s00199-007-0294-8

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  • DOI: https://doi.org/10.1007/s00199-007-0294-8

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