Optimal timing of regime switching in optimal growth models: A Sobolev space approach

Article dans une revue: 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.

Auteur(s)

Cuong Le Van, Erol Dogan, Cagri Saglam

Revue
  • Mathematical Social Sciences
Date de publication
  • 2011
Mots-clés JEL
C8 O O4 O41
Mots-clés
  • Multi-stage optimal control
  • Sobolev spaces
  • Optimal growth models
Pages
  • 97-103
Version
  • 1
Volume
  • 61