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Approximations in Stochastic Growth Models

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F06%3A00041257" target="_blank" >RIV/67985556:_____/06:00041257 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Approximations in Stochastic Growth Models

  • Original language description

    In this note, we consider finite state approximations of the stochastic Ramsey type model in discrete-time version. Recalling standard procedures of stochastic dynamic programming we present explicit formulas for finding maximum global utility of the consumers (i.e. sum of total discounted instantaneous utilies) in the approximated model.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AH - Economics

  • OECD FORD branch

Result continuities

  • Project

    Result was created during the realization of more than one project. More information in the Projects tab.

  • Continuities

    Z - Vyzkumny zamer (s odkazem do CEZ)

Others

  • Publication year

    2006

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    Proceedings of the 24th International Conference Mathematical Methods in Economics 2006

  • ISBN

    978-80-7043-480-2

  • ISSN

  • e-ISSN

  • Number of pages

    6

  • Pages from-to

  • Publisher name

    University of West Bohemia in Pilsen

  • Place of publication

    Plzeň

  • Event location

    Plzeň

  • Event date

    Sep 13, 2006

  • Type of event by nationality

    CST - Celostátní akce

  • UT code for WoS article