On the Smoothness of Optimal Paths

J. Blot and B. Crettez

Papiers d'Economie Mathématique et Applications from Université Panthéon-Sorbonne (Paris 1)

Abstract: We study the differentiability of order k greater than or equal to 1 of optimal trajectories of dynamic economic models with respect various parameters like initial stock, discount rate, ... We use the framework of Babach spaces of sequences and we use Differential Calculus on operators between these spaces. We obtain an alternative condition to the classical Block Diagonal Dominant condition.

Keywords: ECONOMIC MODELS; DISCOUNT RATE; OPTIMAL CONTROL (search for similar items in EconPapers)
JEL-codes: C61 D99 O41 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:fth:pariem:2000.16

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