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Article
Nonlinear optimal control of vintage capital lifetime and irreversible investments
Mathematics Faculty Publications
  • Natali Hritonenko, Prairie View A&M University
Document Type
Conference Proceeding
Publication Date
11-30-2005
Abstract

Vintage capital models such as Solow model, Ramsey model, two-factor model, and models with endogenous technological change are discussed to demonstrate a variety of applications of nonlinear integral models to mathematical economics and finance. For each model an optimal control problem is formulated and basic results about the existence and asymptotic behavior of a solution are provided. © 2005 Elsevier Ltd. All rights reserved.

Citation Information
Natali Hritonenko. "Nonlinear optimal control of vintage capital lifetime and irreversible investments" (2005)
Available at: http://works.bepress.com/natali-hritonenko/39/