A Non-stationary Gale Economy with Limit Technology, Multilane Turnpike and General Form of Optimality Criterion
Author(s) -
Emil Panek
Publication year - 2019
Publication title -
argumenta oeconomica cracoviensia
Language(s) - English
Resource type - Journals
eISSN - 2545-3866
pISSN - 1642-168X
DOI - 10.15678/aoc.2019.2001
Subject(s) - mathematical economics , limit (mathematics) , maximization , mathematics , production (economics) , economics , mathematical optimization , microeconomics , mathematical analysis
The paper refers to my previous works: “«Slaby» efekt magistrali w niestacjonarnej gospodarce Gale’a z graniczną technologią i wielopasmową magistralą produkcyjną” (in: Matematyka i informatyka na uslugach ekonomii , D. Appenzeller (ed.), 2017) and “Niestacjonarna gospodarka Gale’a z graniczną technologią i wielopasmową magistralą produkcyjną. «Slaby», «silny» i «bardzo silny» efekt magistrali” ( Przegląd Statystyczny 2018, 65(4)), and contains proofs of weak and very strong turnpike theorems in a non-stationary Gale economy with limit technology and multilane turnpike. In contrast to the above-mentioned papers, the growth criterion is the maximization of discounted additive production utility over production in all periods of the economy’s time horizon T .
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