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  1. Optimal regime switching and threshold effects
    theory and application to a resource extraction problem under irreversibility
    Author: Boucekkine, Raouf; Pommeret, Aude; Prieur, Fabien
    Published: 2012
    Publisher:  Univ. de Lausanne, DEEP, Lausanne

    We consider a general control problem with two types of optimal regime switch. The first one concerns technological and/or institutional regimes indexed by a finite number of discrete parameter values, and the second features ecological-like regimes... more

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan

     

    We consider a general control problem with two types of optimal regime switch. The first one concerns technological and/or institutional regimes indexed by a finite number of discrete parameter values, and the second features ecological-like regimes relying on given threshold values for given state variables. We propose a general optimal control framework allowing to derive the first-order optimality conditions and in particular to characterize the geometry of the shadow prices at optimal switching times (if any). We apply this new optimal control material to address the problem of the optimal management of natural resources under ecological irreversibility, and with the possibility to switch to a backstop technology.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Cahiers de recherches économiques ; 12,02
    Subjects: Erschöpfbare Ressourcen; Technischer Fortschritt; Umwelttechnik; Technologiewahl; Institutioneller Wandel; Kontrolltheorie
    Scope: Online-Ressource (PDF-Datei: 40 S.), graph. Darst.
  2. On the timing and optimality of capital controls
    public expenditures, debt dynamics and welfare
    Author: Boucekkine, Raouf; Pommeret, Aude; Prieur, Fabien
    Published: 2012
    Publisher:  Univ. de Lausanne, DEEP, Lausanne

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
      BibTeX file
    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Cahiers de recherches économiques ; 12,01
    Subjects: Kapitalimport; Kapitalverkehrskontrolle; Second Best; Finanzmarktregulierung; Wohlfahrtsanalyse; Theorie
    Scope: Online-Ressource (PDF-Datei: 16 S.)