Concavity in a vintage capital model with nonlinear utility
An optimization problem in an economic vintage capital model with nonlinear utility is investigated. It is described by non-linear Volterra integral equations with an unknown in the limits of integration. The concavity of the problem is proven, the condition for an extremum is established, and their relevance to applications is demonstrated. © 2005 Elsevier Ltd. All rights reserved.
Hritonenko, N., & Yatsenko, Y. (2006). Concavity in a vintage capital model with nonlinear utility. Retrieved from https://digitalcommons.pvamu.edu/mathematics-facpubs/82