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This paper presents a review of recent developments that have taken place in the area of dynamic optimal control models in advertising subsequent to the comprehensive survey of the literature by Sethi in 1977. The basic problem underlying these models is that of determining optimal advertising...
Persistent link: https://www.econbiz.de/10009197802
This paper considers a firm, which has to acquire a certain amount of pollution control equipment in order to comply with government pollution standards. Due to political battles and lobbying efforts, the compliance date and the date when it is announced are not known in advance. Furthermore,...
Persistent link: https://www.econbiz.de/10009218125