DEPOCEN Working Paper Series
Erol Dogan, Cuong Le Van, Cagri Saglam, 2010. "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.
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