Accession Number : AD0783110

Title :   Two Notes on the Malinvaud Condition for Efficiency of Infinite Horizon Programs,

Corporate Author : CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER

Personal Author(s) : Benveniste,Lawrence M.

Report Date : JUN 1974

Pagination or Media Count : 22

Abstract : The condition referred to in the title as given by Malinvaud states that if a competitive program has a limiting value of inputs which is zero, i.e., limit as t nears infinity of (p sub t)(x sub t) = 0, then the program is efficient. In this paper it is shown that, for a whole class of one sector production models, the Malinvaud condition completely characterizes efficient programs. (Modified author abstract)

Descriptors :   *Economic models, *Production models, *Consumption, Efficiency, Optimization, Theorems

Subject Categories : Economics and Cost Analysis
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE