Optimal and competitive programs in reachable multi sector models

B-Tier
Journal: Economic Theory
Year: 1999
Volume: 14
Issue: 3
Pages: 565-582

Authors (2)

Tapan Mitra Swapan Dasgupta (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We show that in multi-sector optimal growth models, where the technology satisfies a simple reachability condition, infinite horizon programs which satisfy the competitive conditions are optimal. We provide examples of a variety of production models where the reachability condition is satisfied. An example is also provided where the reachability condition is not satisfied and there are competitive programs which are not optimal. The results of the paper are of interest from the standpoint of decentralization in intertemporal economies.

Technical Details

RePEc Handle
repec:spr:joecth:v:14:y:1999:i:3:p:565-582
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25