Krawczyk, Jacek B.; Serea, Oana-Silvia - Volkswirtschaftliche Fakultät, … - 2007
A two-stage control problem is one, in which model parameters (“technology”) might be changed at some time. An optimal solution to utility maximisation for this class of problems needs to thus contain information on the time, at which the change will take place (0, finite or never) as well...