Good programs in the RSS model without concavity of a utility function
Department of Mathematics, Technion-Israel Institute of Technology, Haifa, 32000, Israel
In this paper, we obtain results on the good ''choice of techniques'' in the long-run in a model proposed by Robinson, Solow, and Srinivasan. We study this model without an assumption that a utility function which represents the preferences of the planner is concave and establish the existence of good programs.
Mathematics Subject Classification: 49J99, 54E5.
Citation: Alexander J. Zaslavski. Good programs in the RSS model without concavity of a utility function. Journal of Industrial & Management Optimization, 2006, 2 (4) : 399-423. doi: 10.3934/jimo.2006.2.399
2019 Impact Factor: 1.366
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