• depocen@depocen.org
  • 024 - 39351419
  • 024- 39351418

27/07/2022

Optimal timing of regime switching in optimal growth models A Sobolev space approach

This paper analyses the optimal timing of switching between alternative and consecutive regimes in optimal growth model. We derive the appropariate necessary conditions for such problems by means of the standard techniques from calculus of variations and some basic properties of Sobolev space.