After having given a brief overview of important applications of recursive programming models which aim at partial optimization in economic dynamics: we present a reduced version of a type of recursive regional and sectoral allocation models suggested by Rainer Thoss. Then we discuss the...

Efficient capital accumulation paths of an expanding multi-sector economy are known to display catenary behavior around a von Neumann saddle-point turnpike if the economy's production possibilities set is a time-free convex cone. We prove that this result generalizes to the case of a...

We discuss general equilibrium effects of endowment changes in a small open and competitive economy with scale diseconomies. We argue that adverse Rybczynski effects may be observed when inputs are both superior and gross substitutes in the aggregate. The analysis is based on cost functions and...

This paper extends the widely used ordered choice model by introducing stochastic thresholds and interval-specific outcomes. The model can be interpreted as a general- ization of the GAFT (MPH) framework for discrete duration data that jointly models durations and outcomes associated with...