Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
884102 | Journal of Economic Behavior & Organization | 2011 | 14 Pages |
Abstract
⺠We combine two similar one-dimensional optimal control problems with DNSS property. ⺠In the resulting model two one-dimensional problems are jointly managed. ⺠Introducing even a modest amount of interaction can make a big difference. ⺠Interaction leads to multiple optimal steady states and related threshold behavior. ⺠The results reflect some important recent developments in optimal control theory.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
I. Zeiler, J.P. Caulkins, G. Tragler,