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Optimal timing of regime switching in optimal growth models: A Sobolev space approach

This paper annalyses the optimal timing of switching between alternative and consecutive regimes on optimal growth models. We derive the appropriate necessary conditions for such problems by means of the standard techniques from calculus of variations and some basic properties of Sobolev spaces.
Year of publication:
2010
Authors: Dogan, Erol ; Van, Cuong Le ; Saglam, Cagri
Institutions: Development and Policies Research Center (Depocen)
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application/pdf
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Type of publication: Book / Working Paper
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Number 16 28 pages
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Persistent link: https://www.econbiz.de/10008751500
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