Maintenance and investment: complements or substitutes? A reappraisal

DOI10.1016/J.JEDC.2010.06.007zbMath1200.91206OpenAlexW2069453527MaRDI QIDQ608893

Fausto Gozzi, Raouf Boucekkine, Giorgio Fabbri

Publication date: 26 November 2010

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jedc.2010.06.007

zbMATH Keywords

optimal controldynamic programmingmaintenanceinvestmentinfinite dimensional problem

Mathematics Subject Classification ID

Dynamic programming in optimal control and differential games (49L20) Economic growth models (91B62) Corporate finance (dividends, real options, etc.) (91G50) Economic dynamics (91B55)

Related Items (10)

Solving internal habit formation models through dynamic programming in infinite dimension ⋮ An irreversible investment problem with maintenance expenditure on a finite horizon: free boundary analysis ⋮ Multiple solutions in systems of functional differential equations ⋮ Optimal pollution control with distributed delays ⋮ Egalitarianism under population change: age structure does matter ⋮ International borrowing without commitment and informational lags: choice under uncertainty ⋮ Generically distributed investments on flexible projects and endogenous growth ⋮ Capital maintenance and depreciation over the business cycle ⋮ Geographical structure and convergence: a note on geometry in spatial growth models ⋮ On the optimal control of a linear neutral differential equation arising in economics

Cites Work

• The optimal economic lifetime of vintage capital in the presence of operating costs, technological progress, and learning
• Representation and control of infinite dimensional systems
• Solving optimal growth models with vintage capital: The dynamic programming approach
• A closer look at replacement investment
• A model of optimal growth strategy
• Vintage capital and the dynamics of the AK model
• Capital maintenance and investment: Complements or substitutes?
• Delay equations. Functional-, complex-, and nonlinear analysis
• The Linear-Quadratic Optimal Control Problem with Delays in State and Control Variables: A State Space Approach
• The Infinite Time Quadratic Control Problem for Linear Systems with State and Control Delays: An Evolution Equation Approach
• Towards an Economic Theory of Replacement Investment

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