Winkler, Ralph; Brandt-Pollmann, Ulrich; Moslener, Ulf; … - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2005
We formulate an optimal control capital accumulation model with a Leontief-type production function and an exogenously given time-lag between investment and the accumulation of the capital stock, to analyze the qualitative and quantitative influence of time-lags on the system dynamics. As known...
