Instability and growth due to adjustment costs

DOI10.3934/NACO.2013.3.63zbMath1262.91113OpenAlexW2331419087MaRDI QIDQ1941500

Andreas J. Novak, Franz Wirl

Publication date: 13 March 2013

Published in: Numerical Algebra, Control and Optimization (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3934/naco.2013.3.63

zbMATH Keywords

growththresholdsadjustment costsoptimal control modelsstrict concave dynamic optimization

Mathematics Subject Classification ID

Economic growth models (91B62) Existence theories for optimal control problems involving ordinary differential equations (49J15) Applications of variational problems to control theory (58E25) Economic dynamics (91B55)

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