Demographic Research (May 2011)

The reproductive value as part of the shadow price of population

  • Gustav Feichtinger,
  • D. Richard Kuhn,
  • Alexia Prskawetz,
  • Stefan Wrzaczek

Journal volume & issue
Vol. 24
p. 28

Abstract

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The reproductive value (see Fisher [10]) arises as part of the shadow price of the population in a large class of age-structured optimal control models.

Keywords