In this paper the dynamic programming approach is exploited in order to identify the closed loop policy function, and the consumption smoothing mechanisms in an endogenous growth model with time to build, linear technology and irreversibility constraint in investment. Moreover the link among the...

Using a dynamic programming formulation, an analysis is presented of both the first and second innings of a one-day cricket match assuming variation in type of ball bowled and subsequent selection of a strategy by the batsman. We assume that the team batting first uses the strategy to maximize...

In this paper, the dynamic programming approach is exploited in order to identify the closed loop policy function, and the consumption smoothing mechanism in an endogenous growth model with time to build, linear technology and irreversibility constraint in investment. Moreover, the link among...