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 the standard techniques from calculus of variations and some basic properties of Sobolev spaces.

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Year of publication:	2011-03
Authors:	Van, Cuong Le ; Dogan, Erol ; Saglam, Cagri
Institutions:	HAL
Subject:	Multi-stage optimal control \| Sobolev spaces \| Optimal growth models

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00639729 Published, Mathematical Social Sciences, 2011, 61, 2, 97-103
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010635088