Steady state properties of multi‐state economic models
提出一种简单方法，仅用模型基本要素推导多状态动态经济系统的最优稳态，通过一个函数刻画稳态的位置和稳定性，并以资源管理为例展示其应用。
Abstract A simple method to derive optimal steady states of multi‐state dynamic economic systems with minimal assumptions on the underlying processes is developed. This is accomplished by an n ‐dimensional function defined over the n ‐dimensional state space in terms of the model's primitives. The location and stability properties of optimal steady state candidates are characterized by the roots and derivatives of this function. A resource management example illustrates the simplicity and applicability of the method.