Optimal timing of regime switching in optimal growth models: A Sobolev space approach

Cuong Le Van (), Erol Dogan and Çağrı Sağlam
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Cuong Le Van: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, University of Exeter Business School - University of Exeter, VCREME - Van Xuan Center of Research in Economics, Management and Environment
Erol Dogan: Bilkent University [Ankara]

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Abstract: This paper analyses the optimal timing of switching between alternative and consecutive regimes in optimal growth models. We derive the appropriate necessary conditions for such problems by means of the standard techniques from calculus of variations and some basic properties of Sobolev spaces.

Keywords: Multi-stage optimal control; Sobolev spaces; Optimal growth models (search for similar items in EconPapers)
Date: 2011-03
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00639729v1
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Citations: View citations in EconPapers (5)

Published in Mathematical Social Sciences, 2011, 61 (2), pp.97-103. ⟨10.1016/j.mathsocsci.2010.11.005⟩

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Journal Article: Optimal timing of regime switching in optimal growth models: A Sobolev space approach (2011)
Working Paper: Optimal timing of regime switching in optimal growth models: A Sobolev space approach (2011)
Working Paper: Optimal timing of regime switching in optimal growth models: A Sobolev space approach (2011)
Working Paper: Optimal timing of regime switching in optimal growth models: A Sobolev space approach (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00639729

DOI: 10.1016/j.mathsocsci.2010.11.005

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