Well-posedness of initial value problems for functional differential and algebraic equations of mixed type
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.
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