Ali Khan, M.; Mitra, Tapan - In: Journal of Mathematical Economics 44 (2008) 7-8, pp. 707-732
In a special case of a model due to Robinson, Solow and Srinivasan, we characterize the optimal policy function (OPF) for undiscounted optimal growth with a strictly concave felicity function. This characterization is based on an equivalence of optimal and minimum value-loss programs that allows...