Stochastic version of Polterovich's model: Exponential turnpike theorems for equilibrium paths

被引：5
作者：
Amir, R [1 ]
Evstigneev, I
机构：
[1] Univ So Denmark, Dept Econ, DK-5230 Odense M, Denmark
[2] Russian Acad Sci, Cent Econ & Math Inst, Moscow 117901, Russia
来源：
MACROECONOMIC DYNAMICS | 1999年 / 3卷 / 02期
关键词：
equilibrium dynamics; Polterovich's model; stochastic equilibrium paths; exponential turnpike property; stationary equilibrium;
D O I：
10.1017/S1365100599011013
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：149 / 166
页数：18
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