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Mathematical Social Sciences 61, 2 (2011) 97-103
Optimal timing of regime switching in optimal growth models: A Sobolev space approach
Cuong Le Van 1, 2, 3, 4, Erol Dogan 5, Cagri Saglam 5
(2011-03)

This paper analyses the optimal timing of switching between alternative and consecutive regimes in optimal growth models. We derive the appropriate necessary conditions for such problems by means of the standard techniques from calculus of variations and some basic properties of Sobolev spaces.
1:  Centre d'économie de la Sorbonne (CES)
CNRS : UMR8174 – Université Paris I - Panthéon-Sorbonne
2:  Ecole d'Économie de Paris - Paris School of Economics (EEP-PSE)
Ecole d'Économie de Paris
3:  University of Exeter Business School
University of Exeter Business School
4:  VanXuan Center of Research in Economics, Management and Environment (VCREME)
VanXuan Center of Research in Economics, Management and Environment
5:  Bilkent University
Bilkent University
Humanities and Social Sciences/Economies and finances

Mathematics/Optimization and Control
Multi-stage optimal control – Sobolev spaces – Optimal growth models
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