Every now and then, one encounters an allocation problem in which the "choice variable" is a point in an infinite-dimensional space. In such problems, the existence of an optimal choice among all permissible choices is not always assured. The present discussion is devoted to an investigation of this issue for a specific (but fairly common) class of allocation problems. Conditions for the existence of an optimal choice are derived and discussed.
MLA
Yaari, Menahem E.. “On the Existence of an Optimal Plan in a Continuous-Time Allocation Process.” Econometrica, vol. 32, .no 4, Econometric Society, 1964, pp. 576-590, https://www.jstor.org/stable/1910179
Chicago
Yaari, Menahem E.. “On the Existence of an Optimal Plan in a Continuous-Time Allocation Process.” Econometrica, 32, .no 4, (Econometric Society: 1964), 576-590. https://www.jstor.org/stable/1910179
APA
Yaari, M. E. (1964). On the Existence of an Optimal Plan in a Continuous-Time Allocation Process. Econometrica, 32(4), 576-590. https://www.jstor.org/stable/1910179
By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device. Cookies are used to optimize your experience and anonymously analyze website performance and traffic.