The reproductive value (see Fisher 1930) arises as part of the shadow price of the population in a large class of age-structured optimal control models.Reproductive value, distributed optimal control theory, McKendrick equation, shadow price, indirect effect.

Alexia Prskawetz

Gustav Feichtinger

Michael Kuhn

Stefan Wrzaczek

English

Research Papers in Economics

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The Reproductive Value as Part of the Shadow Price of Population

http://www.oeaw.ac.at/vid/download/WP2011_06.pdf

The Reproductive Value as Part of the Shadow Price of Population

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Research Papers in Economics