Instability and growth due to adjustment costs

DOI10.3934/naco.2013.3.63zbMath1262.91113MaRDI QIDQ1941500

Franz Wirl, Andreas J. Novak

Publication date: 13 March 2013

Published in: Numerical Algebra, Control and Optimization (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3934/naco.2013.3.63

zbMATH Keywords

growth; thresholds; adjustment costs; optimal control models; strict concave dynamic optimization

Mathematics Subject Classification ID

91B62: Economic growth models

49J15: Existence theories for optimal control problems involving ordinary differential equations

58E25: Applications of variational problems to control theory

91B55: Economic dynamics