Optimal Control of Interacting Systems with DNSS Property: The Case of Illicit Drug Use

I. Zeiler (), J.P. Caulkins () and G. Tragler ()
Additional contact information
I. Zeiler: Department of Mathematical Methods in Economics - TU Wien - Vienna University of Technology = Technische Universität Wien
J.P. Caulkins: Carnegie Mellon University in Qatar - CMU - Carnegie Mellon University [Pittsburgh]
G. Tragler: Department of Mathematical Methods in Economics - TU Wien - Vienna University of Technology = Technische Universität Wien

Post-Print from HAL

Abstract: In this paper we generalize a one-dimensional optimal control problem with DNSS property to a two-dimensional optimal control problem. This is done by taking the direct product of the model with itself, i.e. we combine two similar system dynamics under a joint objective functional that is separable in both states and controls. This framework can be applied to the construction of various optimal control problems, such as optimal marketing of related products, optimal growth of separate but interacting economies, or optimal control of two related capital stocks.

Keywords: C44; C61; O40; optimal control; indifference points; multiple equilibria; DNSS points; illicit drug use; interacting systems (search for similar items in EconPapers)
Date: 2011-04-14
Note: View the original document on HAL open archive server: https://hal.science/hal-00978258
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in Journal of Economic Behavior and Organization, 2011, 78 (1-2), pp.60. ⟨10.1016/j.jebo.2010.12.008⟩

Downloads: (external link)
https://hal.science/hal-00978258/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00978258

DOI: 10.1016/j.jebo.2010.12.008

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().