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

Rabah Amir; Igor Evstigneev

doi:10.1017/S1365100599011013

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

Journal article

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

Rabah Amir and Igor Evstigneev

Macroeconomic dynamics, Vol.3(2), pp.149-166

06/01/1999

DOI: 10.1017/S1365100599011013

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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.

Stochastic Equilibrium Paths

Exponential Turnpike Property

Equilibrium Dynamics

Polterovich's model

Stationary Equilibrium

Details

Title: Subtitle: STOCHASTIC VERSION OF POLTEROVICH'S MODEL: EXPONENTIAL TURNPIKE THEOREMS FOR EQUILIBRIUM PATHS
Creators: Rabah Amir - University of Southern Denmark
Igor Evstigneev - Central Economics and Mathematics Institute
Resource Type: Journal article
Publication Details: Macroeconomic dynamics, Vol.3(2), pp.149-166
Publisher: Cambridge University Press
DOI: 10.1017/S1365100599011013
ISSN: 1365-1005
eISSN: 1469-8056
Number of pages: 18
Language: English
Date published: 06/01/1999
Academic Unit: Economics
Record Identifier: 9984380378402771

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