Ruiz-Tamarit, J.R.; Ventura-Marco, M. - In: Mathematical Social Sciences 61 (2011) 2, pp. 86-96
In this paper we propose a method for solving in closed form a general class of nonlinear modified Hamiltonian dynamic systems (MHDS). This method is used to analyze the intertemporal optimization problem from endogenous growth theory, especially the cases with two controls and one state...