On the Smoothness of Optimal Paths.

We study the differentiability of order k greater than or equal to 1 of optimal trajectories of dynamic economic models with respect various parameters like initial stock, discount rate, ... We use the framework of Babach spaces of sequences and we use Differential Calculus on operators between these spaces. We obtain an alternative condition to the classical Block Diagonal Dominant condition.

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Year of publication:	2000
Authors:	Blot, J. ; Crettez, B.
Institutions:	Centre de recherche de mathématiques et économie mathématique (CERMSEM), Centre d'Économie de la Sorbonne
Subject:	ECONOMIC MODELS \| DISCOUNT RATE \| OPTIMAL CONTROL

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Series:	Papiers d'Economie Mathématique et Applications.
Type of publication:	Book / Working Paper
Notes:	43 pages
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; D99 - Intertemporal Choice and Growth. Other ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005630657