Nonlinear optimal control of vintage capital lifetime and irreversible investments
Vintage capital models such as Solow model, Ramsey model, two-factor model, and models with endogenous technological change are discussed to demonstrate a variety of applications of nonlinear integral models to mathematical economics and finance. For each model an optimal control problem is formulated and basic results about the existence and asymptotic behavior of a solution are provided. © 2005 Elsevier Ltd. All rights reserved.
Hritonenko, N. (2005). Nonlinear optimal control of vintage capital lifetime and irreversible investments. Retrieved from https://digitalcommons.pvamu.edu/mathematics-facpubs/86