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We study properties of the solutions to a parametrized constrained optimization problem in Hilbert spaces. A special operator is studied which is of importance in economic theory; sufficient conditions are given for its existence, symmetry, and negative semidefiniteness. The techniques used are...
Persistent link: https://www.econbiz.de/10005835786
We study properties of the solutions to a parametrized constrained optimization problem in Hilbert spaces. A special operator is studied which is of importance in economic theory; sufficient conditions are given for its existence, symmetry, and negative semidefiniteness. The techniques used are...
Persistent link: https://www.econbiz.de/10005837044
The study of the local characteristics of equilibrium positions generated by the constrained maximization of some criterion functions (such as utility, profit, cost, etc.) goes back to Antonelli's paper [2] of 1886. Certain local properties have been proved to be particularly fruitful for...
Persistent link: https://www.econbiz.de/10005617056
90 Classical problems in economics are concerned with the solutions of several simultaneous nonlinear optimization problems, one for each consumer or producer, all facing constraints posed by the scarcity of resources. Often their interests conflict, and it is generally impossible to find a...
Persistent link: https://www.econbiz.de/10005621494
A problem of existence and characterization of solutions of optimal growth models in many sector economies is studied The social utility to be optimized is a generalized form of a preference depending additively on consumption at the different dates of the planning period. The optimization b...
Persistent link: https://www.econbiz.de/10005621632
We consider here optimal use patterns for renewable resources and address the problem of optimal use of renewable resources under a variety of assumptions both about the nature of the economy in which these resources are embedded and about the objective of that economy. Although we focus here on...
Persistent link: https://www.econbiz.de/10005621841