On the smoothness of optimal paths
The authors have proven the \(C^r\) differentiability of optimal path with respect to different parameters under conditions that ensure the invertibility of the operator associated to the Euler-Lagrange equation. These parameters are the initial vector of capital stock, the discount rate and a parameter which lies in a Banach space. They also extended the set of conditions under which smoothness of optimal paths holds.
scientific article; zbMATH DE number 2133620
scientific article