Caulkins, Jonathan P.; Feichtinger, Gustav; Grass, Dieter; … - In: Journal of Economic Dynamics and Control 51 (2015) C, pp. 404-419
Since the end of the seventies Skiba points have been studied in infinite time optimal control problems with multiple steady states. At such a Skiba point the decision maker is indifferent between choosing trajectories that approach different steady states. This paper extends this theory towards...
