DIFFERENTIABILITY AND COMPARATIVE-ANALYSIS IN DISCRETE-TIME INFINITE-HORIZON OPTIMIZATION

被引:18
作者
SANTOS, MS
机构
[1] Departmento de Economia, Universidad Carlos III de Madrid, 28903 Getafe, Madrid
关键词
D O I
10.1016/S0022-0531(05)80049-3
中图分类号
F [经济];
学科分类号
02 ;
摘要
In this note I consider a family of discrete-time intertemporally separable optimization problems with unbounded horizon in which the objective is parameterized by a finite dimensional vector. Under standard assumptions, I show that optimal solutions vary smoothly with the initial state and the vector of parameters. These results provide a basic framework to develop the familiar methods of comparative analysis in a dynamic setting. Likewise, the local analysis of equilibria set out by Kehoe, Levine, and Romer [J. Econ. Theory 50 (1990), 1-21] is extended here to economies with general equilibrium dynamics. © 1992 Academic Press, Inc.
引用
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页码:222 / 229
页数:8
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