Accession Number : AD0712696

Title :   A TWISTED TURNPIKE THEOREM,

Corporate Author : RAND CORP SANTA MONICA CALIF

Personal Author(s) : Keeler,Emmett B.

Report Date : SEP 1970

Pagination or Media Count : 20

Abstract : Weather, conflict, and sectorally uneven technical progress may cause production possibilities to vary with time. This paper generalizes the Morishima turnpike theorem to bounded, but not constant, normalized production possibilities. The variation in the set of efficient paths and prices still becomes small for long programs. However, the 'turnpike' may be twisted, and also difficult to compute. (Author)

Descriptors :   (*ECONOMICS, MATHEMATICAL MODELS), INDUSTRIES, PRODUCTION CONTROL, COSTS, SET THEORY, MATRICES(MATHEMATICS)

Subject Categories : Economics and Cost Analysis
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE