Schumacher, Johannes M.; Engwerda, Jacob; Reddy, P.V. - Tilburg University, Center for Economic Research - 2012
. We introduce a class of discounted autonomous optimal control problems with threshold effects and discuss tools to … analyze these problems. Later, using these results we investigate two types of threshold effects; namely, simple and … solutions for the shallow lake model with threshold effects. We establish a bifurcation analysis of the optimal vector field …