MODELLING VINTAGE STRUCTURES WITH DDEs: PRINCIPLES AND APPLICATIONS

Raouf Boucekkine (), David de la Croix and Omar Licandro ()

Mathematical Population Studies, 2004, vol. 11, issue 3-4, 151-179

Abstract: A comprehensive study of the linkages between demographic and economic variables should not only account for vintage specificity but also incorporate the relevant economic and demographic decisions in a complete optimal control set-up. A methodological set-up allowing to reach these objectives is described. In this framework, time is continuous but agents take discrete timing decisions. The mixture of continuous and discrete time yields differential-difference equations (DDEs). It is clearly shown that the approach allows for a relatively complete and rigorous analytical exploration in some special cases (mainly linear or quasi linear models), and for an easy computational appraisal in the general case.

Date: 2004
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Related works:
Working Paper: Modelling vintage structures with DDEs: principles and applications (2004)
Working Paper: Modelling vintage structures with DDEs: principles and applications (2004)
Working Paper: Modelling vintage structures with DDEs: principles and applications (2004)
Working Paper: Modelling vintage structures with DDEs: principles and applications (2004)
Working Paper: Modelling vintage structures with DDEs: Principles and applications
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DOI: 10.1080/08898480890513580

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