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Existence of solutions in continuous-time optimal growth models |
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| Authors: | Hippolyte d’Albis Pascal Gourdel Cuong Le Van |
| Institution: | 1.Toulouse School of Economics, (LERNA),University of Toulouse,Toulouse,France;2.Paris School of Economics,University of Paris 1, CNRS,Paris,France;3.CES, MSE,Paris,France |
| Abstract: | This paper studies the existence of solutions in continuous time optimization problems. It provides a theorem whose conditions can be easily checked in most models of the optimal growth theory, including those with increasing returns and multi-sector economies. |
| Keywords: | Existence of solutions Optimization Continuous time Optimal growth |
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