Accession Number:

AD0783110

Title:

Two Notes on the Malinvaud Condition for Efficiency of Infinite Horizon Programs,

Descriptive Note:

Corporate Author:

CALIFORNIA UNIV BERKELEY OPERATIONS RESEARCH CENTER

Personal Author(s):

Report Date:

1974-06-01

Pagination or Media Count:

22.0

Abstract:

The condition referred to in the title as given by Malinvaud states that if a competitive program has a limiting value of inputs which is zero, i.e., limit as t nears infinity of p sub tx sub t 0, then the program is efficient. In this paper it is shown that, for a whole class of one sector production models, the Malinvaud condition completely characterizes efficient programs. Modified author abstract

Subject Categories:

  • Economics and Cost Analysis
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE