Abstract
The paper provides new conditions ensuring the optimality of a symmetric feasible point of certain mathematical programs. It is shown that these conditions generalize and unify most of the known results dealing with optimality of symmetric policies (e.g. [2, 4, 6, 11]). The generalization is based on certain ergodic properties of nonnegative matrices. An application to a socio-economic model dealing with optimization of a welfare function is presented.
| Original language | English |
|---|---|
| Pages (from-to) | 81-87 |
| Number of pages | 7 |
| Journal | Mathematical Programming |
| Volume | 13 |
| Issue number | 1 |
| DOIs | |
| State | Published - Dec 1977 |
Keywords
- Cyclic symmetry
- Ergodicity
- S-concavity and majorization
- Stochastic matrices
- Symmetric mathematical programs
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