On ergodic control of switching processes (Q2048489)

The purpose of the present paper is two-fold: 1) to discuss to what extent existing results in this area can be applied to the authors' situation, in particular when the control acts only on the discrete component, and to study what can be done when the assumptions are weakened, namely when the cost is not strictly positive everywhere and the possibility of multiple simultaneous impulse; 2) to show that a large class of switching reflected diffusions with jumps satisfies the assumptions for which the ergodic control problem can be solved. As a particular example, a detailed study of a general class of switching reflected diffusion with jumps having oblique boundary conditions is carried out.