Assessing the validity of theoretical results

We present recent theoretical results for the V₃ and Au₄ clusters. Calculations of the V₃ doublet system indicate that the 6-311+G(d) basis set is sufficiently flexible to provide reliable minimum energy structures and vibrational frequencies, that these structures and frequencies are insensitive to spin contamination of the wave function when the BPW91 functional is used, and that changing to the B3LYP functional may result in very different structures and frequencies. A computationally less expensive scalar relativistic treatment of Au₄ clusters gives structural properties that are in good agreement with those obtained using a four-component method. Received 30 November 2000     

ON THE SUSTAINABLE GROWTH IN AN ECONOMY WITH PERFECTLY SUBSTITUTABLE EXHAUSTIBLE RESOURCES

Abstract A model of sustainable economic growth in an economy with two types of exhaustible resources is analyzed. The resources are assumed to be perfect substitutes with marginal rate of substitution varying over time. The optimal control framework is used to characterize the optimal paths under the maximin criterion. It is shown that the resource with increasing productivity is not used before the constant productivity resource is depleted. Afterwards the resource with an increasing productivity is asymptotically depleted as well. The results are based on an assumption that transversality conditions hold. A new sufficient condition for the transversality conditions is derived. Finally, an analogue of Hartwick’s rule for this non‐autonomous case is established.