Economics - Research Publications

Permanent URI for this collection

http://hdl.handle.net/11343/417

Filters

2004 1
Reset filters

Settings
Statistics
Citations
Author: Nishimura, Kazuo × Author: STACHURSKI, JOHN × End date: 2006 × Start date: 2004 × Type: Preprint × Subject: Long-run optimality. ×

Search Results

Now showing 1 - 1 of 1
  • Item
    Thumbnail Image
    Stochastic optimal growth when the discount rate vanishes
    Nishimura, Kazuo ; STACHURSKI, JOHN ( 2004-07)
    It has been shown that long-run optimality of thelimit of discounted optima when the discount rate vanishes is impliedby a condition on the value function of the optimal program.We suggest a new method to verify this condition in the contextof one-sector optimal growth. The idea should be more widelyapplicable.