(with Tapan Mitra), Journal of Mathematical Economics 11, 81-113, 1983.
Summary. We formulate a duality theory of efficient and optimal programs in intertemporal models with irreversible investment.
Feasible Alternatives Under Deteriorating Terms of Trade
(with Mukul Majumdar and Tapan Mitra), Journal of International Economics 13, 105-134, 1982.
Summary. The paper presents a dynamic general equilibrium model of a small open economy which employs an essential imported input in production. We describe necessary and sufficient conditions on the technology and the rate of decline of the terms of trade that ensure survival.