Econometrica: May 1978, Volume 46, Issue 3
Optimal Growth with a Convex-Concave Production Function
A. K. SkibaThe classical one-sector problem of optimal growth theory over an infinite horizon in continuous times with a convex-concave production function is studied. Consumption and investment are subject to the inequality phase constraint. The basic instrument is a theory of optimal control. Results of the qualitive analysis are presented on the phase diagram.
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