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

Cuong Le van, Erol Dogan and Çağrı Sağlam
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Erol Dogan: Bilkent University [Ankara]

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

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 the standard techniques from calculus of variations and some basic properties of Sobolev spaces.

Keywords: Multi-stage optimal control; Sobolev spaces; Optimal growth models (search for similar items in EconPapers)
Date: 2011-03
New Economics Papers: this item is included in nep-fdg
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00639729v1
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Citations: View citations in EconPapers (5)

Published in Mathematical Social Sciences, 2011, 61 (2), pp.97-103. ⟨10.1016/j.mathsocsci.2010.11.005⟩

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Related works:
Journal Article: Optimal timing of regime switching in optimal growth models: A Sobolev space approach (2011)
Working Paper: Optimal timing of regime switching in optimal growth models: A Sobolev space approach (2011)
Working Paper: Optimal timing of regime switching in optimal growth models: A Sobolev space approach (2011)
Working Paper: Optimal timing of regime switching in optimal growth models: A Sobolev space approach (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-00639729

DOI: 10.1016/j.mathsocsci.2010.11.005

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