Accession Number:

AD0712696

Title:

A TWISTED TURNPIKE THEOREM,

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CALIF

Personal Author(s):

Report Date:

1970-09-01

Pagination or Media Count:

20.0

Abstract:

Weather, conflict, and sectorally uneven technical progress may cause production possibilities to vary with time. This paper generalizes the Morishima turnpike theorem to bounded, but not constant, normalized production possibilities. The variation in the set of efficient paths and prices still becomes small for long programs. However, the turnpike may be twisted, and also difficult to compute. Author

Subject Categories:

  • Economics and Cost Analysis
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE