Structure of optimal trajectories in a nonlinear dynamic model with endogenous delay (Q2570900)
From MaRDI portal
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Structure of optimal trajectories in a nonlinear dynamic model with endogenous delay |
scientific article |
Statements
Structure of optimal trajectories in a nonlinear dynamic model with endogenous delay (English)
0 references
31 October 2005
0 references
Summary: An exact solution is constructed to a nonlinear optimization problem in an integral dynamic model with delay. The problem involves the unknown duration of the delay and has important applications to the optimal replacement of capital equipment under technological change.
0 references
Solow vintage capital model
0 references
endogenous capital lifetime
0 references
nonlinear integral equation
0 references
optimal trajectories
0 references
