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In the context of a model due to Robinson, Solow and Srinivasan (the RSS model), we report results on the existence and characterization of locally optimal programs, a concept taken from theoretical physics. In particular, we propose a (new) transversality condition under which all locally optimal programs are good. An extended introduction places our theorems in the context of previous work on the...
On using McKenzie's taxonomy of optimal accumulation in the long-run, we report a ``uniform turnpike'' theorem of the third kind in a model original to Robinson, Solow and Srinivasan (RSS), and further studied by Stiglitz. Our results are presented in the undiscounted, discrete-time setting emphasized in the recent work of Khan-Mitra, and they rely on the importance of either a strictly concave felicity...
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