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Amir, Rabah 2014-12-16T04:05:02Z 2014-12-16T04:05:02Z 10000-01-01 1985 1985 The thesis is comprised of two separate essays. The first, entitled "One-Sector Non-Classical Optimal Growth," considers a normative model of an aggregated economy where the objective of the central planner is the maximization of the (infinite-horizon) sum of discounted utilities subject to a convex-concave production function. The second essay, entitled "A Complete Characterization of Nash Equilibria in a Dynamic Resource Allocation Model," considers two agents, each trying to maximize the sum of his own discounted utilities subject to the common natural growth function of the resource. In both essays, the resulting consumption paths are fully analyzed, in terms of conditions for optimality and steady-state properties. In particular, a second-order condition involving only the marginal propensities to consume is developed to account for the lack of concavity inherent in both dynamic maximization problems. Furthermore, the first essay contains examples showing that the marginal propensity to consume may be negative (in a continuous manner), and that an unstable steady-state equilibrium may lie on the convex portion of the production function. The second essay elaborates on the themes of selection of appropriate information structures and permissible strategy spaces to analyze such models. Finally, since stock-dependent Nash equilibria (in single-valued strategies) are generally not unique, an order property is established for the set of all such equilibria, in terms of simultaneously increasing levels of utility for the two players. Made available in DSpace on 2014-12-16T04:05:02Z (GMT). No. of bitstreams: 1 8511574.pdf: 4295810 bytes, checksum: 724f63a9c087f2b4e285df31c54f93ab (MD5) Previous issue date: 1985 Embargo set by: Seth Robbins for item 70921 Lift date: Forever Reason: Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs Restricted to the U of I community idenfinitely during batch ingest of legacy ETDs U of I Only 174 p. Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 1985. http://hdl.handle.net/2142/70755 (UMI)AAI8511574 Economics, Theory Non-Concave Programming and Differential Games in Dynamic Resource Allocation Models (Nash Equilibrium, Economic Growth) text Economics Economics University of Illinois at Urbana-Champaign Dissertation Ph.D.