On a functional differential equation arising in the theory of the distribution of wealth.
On a nonstationary discrete time infinite horizon growth model with uncertainty
In this paper we examine a nonstationary discrete time, infinite horizon growth model with uncertainty. Under very general hypotheses on the data of the model, we establish the existence of an optimal program and we show that the values of the finite horizon problems tend to that of the infinite horizon as the end of the planning period approaches infinity. Finally we derive a transversality condition for optimality which does not involve dual variables (prices).
On parameter estimation in the bass model by nonlinear least squares fitting the adoption curve
The Bass model is one of the most well-known and widely used first-purchase diffusion models in marketing research. Estimation of its parameters has been approached in the literature by various techniques. In this paper, we consider the parameter estimation approach for the Bass model based on nonlinear weighted least squares fitting of its derivative known as the adoption curve. We show that it is possible that the least squares estimate does not exist. As a main result, two theorems on the existence...
On the closed-form solution of the improved labor augmented Solow-Swan model.
On the determination of optimal time horizon in a control problem in natural resource economics.
On the Distribution of the Present Value of Interest in Continuous Compounding
On the optimal target of a macroeconomic growth model.
On the statistical properties of ergodic economic systems.
Optimal environmental policy and the dynamic property in LDCs.
Optimality criteria for deterministic discrete-time infinite horizon optimization.