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dc.contributor.authorSAIDI, Aurélien
dc.date.accessioned2009-01-14T08:42:45Z
dc.date.available2009-01-14T08:42:45Z
dc.date.issued2009
dc.identifier.issn1725-6704
dc.identifier.urihttp://hdl.handle.net/1814/10168
dc.description.abstractThis paper makes use of optimal control relaxed problems to prove the absence of optimal trajectory in continuous time models with social increasing returns to scale where indeterminacy occurs. Although an efficient optimal policy does not exist, some chattering stabilization policies can mimic trajectories whose criterion functional approximates the supremum of the relaxed problem. This configuration is closely related to indeterminacy: by contrast, when the steady state is determined, an optimal policy is likely to exist.en
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.publisherEuropean University Institute
dc.relation.ispartofseriesEUI ECOen
dc.relation.ispartofseries2009/01en
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectIncreasing returnsen
dc.subjectIndeterminacyen
dc.subjectStabilization policyen
dc.subjectRelaxed problemsen
dc.subjectC61en
dc.subjectC62en
dc.subjectE32en
dc.subjectE6en
dc.subjectH61en
dc.subjectO4en
dc.titleCan Stabilization Policies Be Efficient?en
dc.typeWorking Paperen
dc.neeo.contributorSAIDI|Aurélien|aut|
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