Optimal policy and consumption smoothing effects in the time-to-build AK model

DOI10.1007/S00199-010-0577-3MaRDI QIDQ447533zbMATH OpenOpenAlexFDO

Authors Mauro Bambi, Giorgio Fabbri, Fausto Gozzi

Publication date 4 September 2012

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL http://sites.uclouvain.be/econ/DP/IRES/2010029.pdf

zbMATH Keywords

dynamic programmingoptimal strategiesAK modelclosed loop policytime-to-build

Mathematics Subject Classification ID

Dynamic programming (90C39) Economic dynamics (91B55) Economic growth models (91B62)

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Cites work

• scientific article; zbMATH DE number 1252483 (Why is no real title available?)
• An Optimal Growth Model with Time Lags
• Balanced cycles in an OLG model with a continuum of finitely-lived individuals
• Differential-difference equations
• Endogenous growth and time-to-build: the AK case
• Endogenous growth cycles in an overlapping generations model with investment gestation lags
• Hopf bifurcation for functional differential equations of mixed type
• Public Finance in Models of Economic Growth
• Solving optimal growth models with vintage capital: The dynamic programming approach
• The Infinite Time Quadratic Control Problem for Linear Systems with State and Control Delays: An Evolution Equation Approach
• Time-to-build and cycles
• Vintage capital and the dynamics of the AK model
• Vintage capital, investment, and growth

Cited in

(18)

• State constrained control problems in Banach lattices and applications
• On the optimal control of a linear neutral differential equation arising in economics
• Solving internal habit formation models through dynamic programming in infinite dimension
• Center manifold reduction and perturbation method in a delayed model with a mound-shaped Cobb-Douglas production function
• Time-to-build and the capital structure
• Delay equivalence in capital accumulation models
• Endogenous growth and time-to-build: the AK case
• Optimal control of path-dependent McKean-Vlasov SDEs in infinite-dimension
• Endogenous growth and wave-like business fluctuations
• Optimal investment with vintage capital: equilibrium distributions
• Multiple solutions in systems of functional differential equations
• Endogenous growth with addictive habits
• Numerical solution of a conspicuous consumption model with constant control delay
• Linear-quadratic stochastic delayed control and deep learning resolution
• Crandall-Lions viscosity solutions for path-dependent PDEs: the case of heat equation
• Optimal control of stochastic delay differential equations: optimal feedback controls
• Optimality conditions (in Pontryagin form)
• Generically distributed investments on flexible projects and endogenous growth

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