Structure of optimal trajectories in a nonlinear dynamic model with endogenous delay

Natali Hritonenko and Yuri Yatsenko

Journal of Applied Mathematics, 2004, vol. 2004, 1-13

Abstract:

An exact solution is constructed to a nonlinear optimization problem in an integral dynamic model with delay. The problem involves the unknown duration of the delay and has important applications to the optimal replacement of capital equipment under technological change.

Date: 2004
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Journal Article: Structure of optimal trajectories in a nonlinear dynamic model with endogenous delay (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnljam:154581

DOI: 10.1155/S1110757X04311046

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