Solving optimal growth models with vintage capital: The dynamic programming approach
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Publication:960261
DOI10.1016/J.JET.2008.03.008zbMATH Open1151.91069OpenAlexW2036539206MaRDI QIDQ960261FDOQ960261
Publication date: 16 December 2008
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jet.2008.03.008
Control problems for functional-differential equations (34K35) Dynamic programming in optimal control and differential games (49L20) Economic growth models (91B62)
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Cited In (30)
- On the optimal control of a linear neutral differential equation arising in economics
- Spatial dynamics and convergence: the spatial AK model
- Solving internal habit formation models through dynamic programming in infinite dimension
- Verification theorems for stochastic optimal control problems in Hilbert spaces by means of a generalized Dynkin formula
- Maintenance and investment: complements or substitutes? A reappraisal
- Distributed optimal control models in environmental economics: a review
- Optimal policy and consumption smoothing effects in the time-to-build AK model
- Egalitarianism under population change: age structure does matter
- Business cycle fluctuations and learning-by-doing externalities in a one-sector model
- The economics of epidemics and contagious diseases: an introduction
- Verification results for age-structured models of economic-epidemics dynamics
- A dynamic theory of spatial externalities
- Optimal investment with vintage capital: equilibrium distributions
- Multiple solutions in systems of functional differential equations
- State Constrained Control Problems in Banach Lattices and Applications
- The spatial AK model and the Pontryagin maximum principle
- Optimal vintage capital utilisation. Supportability conditions
- Numerical solution by iterative methods of a class of vintage capital models
- Optimal investment models with vintage capital: dynamic programming approach
- International borrowing without commitment and informational lags: choice under uncertainty
- Optimal control of stochastic delay differential equations: optimal feedback controls
- Geographical structure and convergence: a note on geometry in spatial growth models
- Vintage capital, investment, and growth
- A pricing formula for delayed claims: appreciating the past to value the future
- Feasibility and optimality of the initial capital stock in the Ramsey vintage capital model
- Generically distributed investments on flexible projects and endogenous growth
- Fifty years of mathematical growth theory: classical topics and new trends
- A note on growth accounting with vintage capital
- Stochastic Optimal Control with Delay in the Control I: Solving the HJB Equation through Partial Smoothing
- Stochastic Optimal Control with Delay in the Control II: Verification Theorem and Optimal Feedbacks
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