Steady-state properties in a class of dynamic models

Yacov Tsur, Amos Zemel

Research output: Contribution to journalArticlepeer-review

10 Scopus citations


We characterize the location, stability and approach-time of optimal steady states in single-state, infinite-horizon, autonomous models by means of a simple function of the state variable, defined in terms of the model's primitives. The method does not require the solution of the underlying dynamic optimization problem. Its application is illustrated in the context of a generic class of resource management problems.

Original languageEnglish
Pages (from-to)165-177
Number of pages13
JournalJournal of Economic Dynamics and Control
StatePublished - 1 Feb 2014


  • Approach time
  • Autonomous problems
  • Infinite horizon
  • Optimal policy
  • Steady-state

ASJC Scopus subject areas

  • Economics and Econometrics
  • Control and Optimization
  • Applied Mathematics


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