Optimal growth models and the Lagrange multiplier

Le Van, C;Saglam, HC
(2004) Workshop on Economic and Theory — Location: Univ Illinois, Urbana Champaingn (Il) (2003)

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Authors
  • Le Van, C
    Author
  • Saglam, HC
    Author
Abstract
We provide sufficient conditions on the objective functional and the constraint functions under which the Lagrangean can be represented by l(1) sequence of multipliers in infinite horizon discrete time optimal growth models. (C) 2003 Elsevier B.V. All rights reserved.
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Le Van, C., & Saglam, H. (2004). Optimal growth models and the Lagrange multiplier. Journal of Mathematical Economics, 40(3-4), 393-410. https://doi.org/10.1016/j.jmateco.2003.10.002 (Original work published 2004)