Accession Number : AD0439235

Title :   OPTIMAL GROWTH IN A LINEAR-LOGARITHMIC ECONOMY,

Corporate Author : CALIFORNIA UNIV BERKELEY

Personal Author(s) : Radner,Roy

Report Date : APR 1964

Pagination or Media Count : 58

Abstract : The goal of this study of optimal growth in a linear-logarithmic economy has been to provide an example of a multi-sector model of economic growth in which optimal programs can be explicitly calculated for several different formulations of the criterion of optimality. With such explicit calculations one can illustrate various propositions, and test conjectures, about the properties of optimal growth. If the model studied here turns out to be sufficiently flexible, the relative simplicity of the required calculations may also make the model attractive for empirical applications. (Author)

Descriptors :   (*ECONOMICS, OPTIMIZATION), MATHEMATICAL MODELS, SET THEORY, DYNAMIC PROGRAMMING, LINEAR SYSTEMS, PRODUCTION, COSTS, MANAGEMENT PLANNING AND CONTROL

Distribution Statement : APPROVED FOR PUBLIC RELEASE