Overtaking criterion
id:
overtaking-criterion-289-15977638
title:
Overtaking criterion
text:
In economics, the overtaking criterion is used to compare infinite streams of outcomes. Mathematically, it is used to properly define a notion of optimality for a problem of optimal control on an unbounded time interval. Often, the decisions of a policy-maker may have influences that extend to the far future. Economic decisions made today may influence the economic growth of a nation for an unknown number of years into the future. In such cases, it is often convenient to model the future outcome
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Overtaking_criterion
date created:
date modified:
2023-05-08T15:51:39Z
main entity:
{"identifier":"Q25304523","url":"https://www.wikidata.org/entity/Q25304523"}
image:
fields total:
13
integrity:
13