Age-Structured PDEs in Economics, Ecology, and Demography: Optimal Control and Sustainability

Optimal control of partial differential equations arises in population ecology, economics, and demography. The consistency of mathematical treatment is demonstrated for the Lotka-McKendrick model and its nonlinear modifications of increasing complexity. The obtained qualitative optimal dynamics show that the models have either the bang-bang structure of optimal controls or follow balanced growth dynamics.

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Year of publication:	2010
Authors:	HRITONENKO, NATALI ; YATSENKO, YURI
Published in:	Mathematical Population Studies. - Taylor & Francis Journals, ISSN 0889-8480. - Vol. 17.2010, 4, p. 191-214
Publisher:	Taylor & Francis Journals
Subject:	age-structured populations \| harvesting \| medical capital investment \| partial differential equations \| size-structured populations \| vintage capital models

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009205510