Turnpike Theory for the Robinson-Solow-Srinivasan Model
In: Springer Optimization and Its Applications Ser. v.166
Intro -- Preface -- Contents -- 1 Introduction -- 1.1 The Turnpike Phenomenon for Convex Discrete-TimeProblems -- 1.2 The Turnpike Phenomenon -- 1.3 Turnpike Results for Problems in Metric Spaces -- 1.4 The Robinson-Solow-Srinivasan Model -- 2 The Description of the Robinson-Solow-Srinivasan Model and Its Basic Properties -- 2.1 The Robinson-Solow-Srinivasan Model -- 2.2 A Golden-Rule Stock -- 2.3 Good Programs -- 2.4 The von Neumann Facet -- 3 Infinite Horizon Optimization -- 3.1 Overtaking Optimal Programs -- 3.2 Auxiliary Results for Theorems 3.1-3.3 -- 3.3 Proofs of Theorems 3.1 and 3.2 -- 3.4 Proof of Theorem 3.3 -- 3.5 Examples -- 3.6 Convergence Results -- 3.7 Proof of Theorem 3.9 -- 3.8 Auxiliary Results for Theorems 3.10 and 3.11 -- 3.9 Proofs of Theorems 3.10 and 3.11 -- 3.10 The Structure of Good Programs in the RSS Model -- 3.11 Proofs of Theorems 3.16-3.18 -- 4 Turnpike Results for the Robinson-Solow-Srinivasan Model -- 4.1 The Main Results -- 4.2 Auxiliary Results for Theorems 4.2 and 4.3 -- 4.3 Four Lemmas -- 4.4 Proof of Theorem 4.2 -- 4.5 Proof of Theorem 4.3 -- 4.6 Extensions of Theorem 4.3 -- 4.7 Proof of Theorem 4.16 -- 4.8 Stability Results -- 4.9 Proof of Theorem 4.27 -- 5 The Robinson-Solow-Srinivasan Model with a Nonconcave Utility Function -- 5.1 Good Programs -- 5.2 Auxiliary Results -- 5.3 Properties of the Function U -- 5.4 Proofs of Theorems 5.4, 5.5 and 5.8 -- 5.5 Proof of Proposition 5.7 -- 5.6 Proof of Theorem 5.9 -- 5.7 The RSS Model with Discounting -- 5.8 An Auxiliary Result for Theorem 5.18 -- 5.9 Proof of Theorem 5.18 -- 5.10 Weakly Agreeable Programs -- 5.11 Proof of Theorem 5.22 -- 5.12 Auxiliary Results -- 5.13 Proof of Theorem 5.23 -- 5.14 Proof of Theorem 5.24 -- 5.15 Weakly Maximal Programs -- 5.16 Proof of Theorem 5.27 -- 5.17 Proof of Theorem 5.28 -- 5.18 Proof of Theorem 5.29.