Optimal investments with convex–concave revenue: a focus‐node distinction

DOI10.1002/OCA.742MaRDI QIDQ5695592zbMATH OpenOpenAlexWikidataFDO

Authors Richard F. Hartl, Peter M. Kort

Publication date 13 October 2005

Published in Optimal Control Applications \& Methods (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1002/oca.742

zbMATH Keywords

capital accumulation modelsfocusindeterminacymaximum principlenode optimal investmentSkibathresholds

Mathematics Subject Classification ID

Optimality conditions for free problems in two or more independent variables (49K10) Applications of optimal control and differential games (49N90) Economic growth models (91B62)

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Cited in

(6)

• Skiba points in free end-time problems
• Multiple equilibria and thresholds due to relative investment costs
• Lipschitz continuous dynamic programming with discount
• Optimal investments with increasing returns to scale: A further analysis
• Delay in finite time capital accumulation
• Monotonicity and continuity of the critical capital stock in the Dechert-Nishimura model

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