Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
972716 | Mathematical Social Sciences | 2011 | 7 Pages |
Abstract
This paper analyses the optimal timing of switching between alternative and consecutive regimes in optimal growth models. We derive the appropriate necessary conditions for such problems by means of standard techniques from the calculus of variations and some basic properties of Sobolev spaces.
Related Topics
Physical Sciences and Engineering
Mathematics
Applied Mathematics
Authors
Erol Dogan, Cuong Le Van, Cagri Saglam,