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In this paper, we make use of the Sobolev space W 1,1 (R +, R n) to derive at once the Pontryagin conditions for the standard optimal growth model in continuous time, including a necessary and sufficient transversality condition. An application to the Ramsey model is given. We use an order ideal...
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We provide sufficient conditions on the objective functional and the constraint functions under which the Lagrangean can be represented by a l'1 sequence of multipliers in infinite horizon discrete time optimal growth models
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