Optimal timing of regime switching in optimal growth models: A Sobolev space approach

This paper analyses the optimal timing of switching between alternative and consecutive regimes in optimal growth models. We derive the appropriate necessary conditions for such problems by means of standard techniques from the calculus of variations and some basic properties of Sobolev spaces.

MoreLess

Year of publication:	2011
Authors:	Dogan, Erol ; Le Van, Cuong ; Saglam, Cagri
Published in:	Mathematical Social Sciences. - Elsevier, ISSN 0165-4896. - Vol. 61.2011, 2, p. 97-103
Publisher:	Elsevier
Keywords:	Multi-stage optimal control Sobolev spaces Optimal growth models

More details

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008869074