Listagem FGV EPGE - Ensaios Econômicos por Título "Solving the non-convexity problem in some shopping-time and human-capital models"

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Solving the non-convexity problem in some shopping-time and human-capital models

Cysne, Rubens Penha
2004-09-01

Several works in the shopping-time and in the human-capital literature, due to the nonconcavity of the underlying Hamiltonian, use Örst-order conditions in dynamic optimization to characterize necessity, but not su¢ ciency, ...