Optimal timing of regime switching in optimal growth models: A Sobolev space approach
Journal article: 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 the standard techniques from calculus of variations and some basic properties of Sobolev spaces.
Author(s)
Cuong Le Van, Erol Dogan, Cagri Saglam
Journal
- Mathematical Social Sciences
Date of publication
- 2011
Keywords JEL
Keywords
- Multi-stage optimal control
- Sobolev spaces
- Optimal growth models
Pages
- 97-103
URL of the HAL notice
Version
- 1
Volume
- 61