Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Oct, 1969, Volume 37, Issue 4

The Existence of an Optimal Economic Policy<600:TEOAOE>2.0.CO;2-H
p. 600-610

T. Krishna Kumar

In this paper the general mathematical structure of most long term economic policy problems is indicated. For such a general policy problem the existence of optimal policy is established under certain conditions. In the proof of the existence theorem presented in this paper, compactness of the set of feasible policies is established using Helly's selection principle.

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