Structure of optimal trajectories in a nonlinear dynamic model with endogenous delay (Q2570900)
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scientific article; zbMATH DE number 2220777
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| English | Structure of optimal trajectories in a nonlinear dynamic model with endogenous delay |
scientific article; zbMATH DE number 2220777 |
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Structure of optimal trajectories in a nonlinear dynamic model with endogenous delay (English)
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31 October 2005
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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.
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Solow vintage capital model
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endogenous capital lifetime
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nonlinear integral equation
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optimal trajectories
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0.8272349834442139
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0.7997369766235352
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0.7919487357139587
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