On the smoothness of optimal paths (Q1762862)
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scientific article; zbMATH DE number 2133620
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| English | On the smoothness of optimal paths |
scientific article; zbMATH DE number 2133620 |
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On the smoothness of optimal paths (English)
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11 February 2005
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The authors have proven the \(C^r\) differentiability of optimal path with respect to different parameters under conditions that ensure the invertibility of the operator associated to the Euler-Lagrange equation. These parameters are the initial vector of capital stock, the discount rate and a parameter which lies in a Banach space. They also extended the set of conditions under which smoothness of optimal paths holds.
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