On the Approximation of Infinite Horizon Allocations

Author(s):  
Michiel A. Keyzer
Keyword(s):  
2020 ◽  
pp. 232102222097187
Author(s):  
Rabi Bhattacharya ◽  
Mukul Majumdar

The paper is an exposition of some issues involving sustainability of equitable (stationary) plans in infinite horizon models. We consider examples of deterministic as well as stochastic models. The models provide conditions on the possibility, inevitability or probability of extinction or collapse.


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