Two state capital accumulation with heterogeneous products: disruptive vs. non-disruptive goods

DOI10.1016/J.JEDC.2010.09.008MaRDI QIDQ631244zbMATH OpenOpenAlexWikidataFDO

Authors Jonathan P. Caulkins, Gustav Feichtinger, Dieter Grass, Richard F. Hartl, Peter M. Kort

Publication date 22 March 2011

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2010.09.008

zbMATH Keywords

investmentmaximum principleproduct innovationSkiba curve

Mathematics Subject Classification ID

Resource and cost allocation (including fair division, apportionment, etc.) (91B32) Production theory, theory of the firm (91B38)

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Cites work

• scientific article; zbMATH DE number 3991198 (Why is no real title available?)
• A DNS-curve in a two-state capital accumulation model: A numerical analysis
• Bifurcations of optimal vector fields in the shallow lake model
• Dynamic optimization and Skiba sets in economic examples
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• Numerical computation of the optimal vector field: exemplified by a fishery model
• Numerical continuation methods for dynamical systems. Path following and boundary value problems.
• On the dynamic efficiency of Bertrand and Cournot equilibria
• On the efficiency of Bertrand and Cournot equilibria with product differentiation
• On the optimality of limit cycles in dynamic economic systems
• Optimal Control of Nonlinear Processes
• Optimal Growth with a Convex-Concave Production Function
• Optimal control of terrorism and global reputation: a case study with novel threshold behavior
• Skiba points and heteroclinic bifurcations, with applications to the shallow lake system

Cited in

(6)

• Numerical computation of the optimal vector field: exemplified by a fishery model
• New product introduction and capacity investment by incumbents: effects of size on strategy
• Decisions on pricing, capacity investment, and introduction timing of new product generations in a durable-good monopoly
• Takeoff vs. stagnation in endogenous recombinant growth models
• Product innovation with partial capacity rollover
• Analysis of industry equilibria in models with sustaining and disruptive technology

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