The reproductive value as part of the shadow price of population

oleh: Gustav Feichtinger, D. Richard Kuhn, Alexia Prskawetz, Stefan Wrzaczek

Format: Article
Diterbitkan: Max Planck Institute for Demographic Research 2011-05-01

Deskripsi

The reproductive value (see Fisher [10]) arises as part of the shadow price of the population in a large class of age-structured optimal control models.