Hostname: page-component-586b7cd67f-l7hp2 Total loading time: 0 Render date: 2024-11-23T21:40:05.715Z Has data issue: false hasContentIssue false
  • English
  • Français

STOCHASTIC VERSION OF POLTEROVICH'S MODEL: EXPONENTIAL TURNPIKE THEOREMS FOR EQUILIBRIUM PATHS

Published online by Cambridge University Press:  01 June 1999

Rabah Amir  and
Igor Evstigneev
Rabah Amir
Affiliation:
University of Southern Denmark
Igor Evstigneev
Affiliation:
Central Economics and Mathematics Institute, Academy of Sciences of Russia
Get access Rights & Permissions [Opens in a new window]

Abstract

The paper examines a stochastic analogue of the Polterovich model of economic dynamics. The study focuses on the asymptotic properties of equilibrium paths. The main results are stochastic turnpike theorems with exponential estimates of the convergence rate.

Keywords

Equilibrium DynamicsPolterovich's modelStochastic Equilibrium PathsExponential Turnpike PropertyStationary Equilibrium
Type
Research Article
Information
Macroeconomic Dynamics , Volume 3 , Issue 2 , June 1999 , pp. 149 - 166
Copyright
© 1999 Cambridge University Press

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)