The reproductive value as part of the shadow price of population

Gustav Feichtinger,Michael Kuhn,Alexia Fürnkranz-Prskawetz,Stefan Wrzaczek

The reproductive value as part of the shadow price of population

2011

Gustav Feichtinger
Michael Kuhn
Alexia Fürnkranz-Prskawetz
Stefan Wrzaczek

The reproductive value (see Fisher 1930) arises as part of the shadow price of the population in a large class of age-structured optimal control models.

Keywords:

Shadow price
Socioeconomics
Mathematical economics
Economics
Optimal control
Reproductive value
Population
Microeconomics
life history
Welfare economics
large class

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