The Norm of a Closed Technology and the Straight-Down-the-Turnpike Theorem.

The Norm of a Closed Technology and the Straight-Down-the-Turnpike Theorem.

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An attempt to distinguish between classes of exceptions to the usual turnpike theorems of maximal economic growth and to show the mathematical unity underlying the diversity of turnpike theorems in econometrics. The turnpike theorem requires that the...