Optimal Enforcement on a Pure Seller's Market of Illicit Drugs

V. Borisov, Gustav Feichtinger and A. Kryazhimskii
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V. Borisov: State Academy for Custom Services
A. Kryazhimskii: Russian Academy of Sciences

Journal of Optimization Theory and Applications, 2000, vol. 106, issue 1, No 1, 22 pages

Abstract: Abstract An optimal control problem for the dynamic enforcement (crackdown) of dealers on a pure seller's market for illicit drugs is explored. Theorems on existence and uniqueness of the optimal synthesis are proved. Using a technique of resolution of singularities for degenerate differential equations, we design analytically an optimal enforcement policy.

Keywords: Pontryagin maximum principle; optimal synthesis; degenerate fixed points of ordinary differential equation; optimal enforcement; illicit drug markets (search for similar items in EconPapers)
Date: 2000
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DOI: 10.1023/A:1004629722109

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