Optimal control in the resource allocation problem for a two-sector economy with a CES production function

DOI10.1007/s10598-017-9375-0zbMath1382.91049MaRDI QIDQ1700564

Peng Zhang

Publication date: 7 March 2018

Published in: Computational Mathematics and Modeling (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10598-017-9375-0

zbMATH Keywords

optimal control; Pontryagin maximum principle; CES production function; resource allocation problem; Lambert W-function

Mathematics Subject Classification ID

49N90: Applications of optimal control and differential games

91B66: Multisectoral models in economics

91B32: Resource and cost allocation (including fair division, apportionment, etc.)