Well-posedness of initial value problems for functional differential and algebraic equations of mixed type (Q550358)

The paper is concerned with the initial value problems for functional differential equation of mixed type \[ \begin{cases} x'(\xi)=L\,{\text{ev}}_{\xi}x,&\text{for }\xi\geq 0,\\ x(\tau)=\psi(\tau), &\text{for }r_{\min}\leq \tau\leq 0,\end{cases}\tag{1} \] and for functional algebraic equation of mixed type \[ \begin{cases} 0=M\,{\text{ev}}_{\xi}x, &\text{for }\xi\geq 0,\\ x(\tau)=\psi(\tau), &\text{for } r_{\min}\leq \tau\leq 0.\end{cases}\tag{2} \] Here, \(x\) is a continuous real-valued function on the interval \([r_{\min},\infty)\), the operator \(L\) is a bounded linear map from \(C([r_{\min},r_{\max}],\mathbb{R})\) into \(\mathbb{R}\), \(M\) is a special type of linear map from \(C([r_{\min},r_{\max}],\mathbb{R})\) into \(\mathbb{R}\), \(\text{ev}_{\xi}x\in C([r_{\min},r_{\max}],\mathbb{R})\) denotes the state of \(x\) evaluated at \(\xi\), defined by \([\text{ev}_{\xi}x](\theta)=x(\xi+\theta)\) for all \(r_{\min}\leq \theta\leq r_{\max}\) (\(r_{\min}<0,\) \(r_{\max}>0\)), and \(\psi\in C([r_{\min},0],\mathbb{R})\). These two problems are considered in exponentially weighted spaces. Using the Wiener-Hopf factorizations, the authors develop a feasible approach to determine whether \((1)\) and \((2)\) admit solutions \[ x\in BC_{\eta}^{\oplus}=\{x\in C([r_{\min},\infty),\mathbb{R}),\;\|x\|_{\eta}:=\sup_{\xi\geq r_{\min}}e^{-\eta\xi}|x(\xi)|<\infty\} \] and whether such solutions are unique. They illustrate their techniques by an analytical study of two macro-economic overlapping generations models for which Wiener-Hopf splitting is not readily available.