Optimal policy and consumption smoothing effects in the time-to-build AK model

DOI10.1007/s00199-010-0577-3zbMath1246.91082OpenAlexW2159230683MaRDI QIDQ447533

Giorgio Fabbri, Mauro Bambi, Fausto Gozzi

Publication date: 4 September 2012

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: http://sites.uclouvain.be/econ/DP/IRES/2010029.pdf

zbMATH Keywords

dynamic programmingoptimal strategiestime-to-buildAK modelclosed loop policy

Mathematics Subject Classification ID

Dynamic programming (90C39) Economic growth models (91B62) Economic dynamics (91B55)

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Cites Work

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• Balanced cycles in an OLG model with a continuum of finitely-lived individuals
• Solving optimal growth models with vintage capital: The dynamic programming approach
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• Vintage capital and the dynamics of the AK model
• Hopf bifurcation for functional differential equations of mixed type
• Time-to-build and cycles
• Endogenous growth cycles in an overlapping generations model with investment gestation lags
• The Infinite Time Quadratic Control Problem for Linear Systems with State and Control Delays: An Evolution Equation Approach
• Public Finance in Models of Economic Growth
• An Optimal Growth Model with Time Lags

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