Abstract
Infinite-horizon continuous-time optimization is often encountered in economic models. Herein we prove the C1 differentiability of the policy function when the objective is strongly concave and the state is unidimensional.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 741-753 |
| Number of pages | 13 |
| Journal | Journal of Economic Dynamics and Control |
| Volume | 15 |
| Issue number | 4 |
| DOIs | |
| State | Published - 1991 |
| Externally published | Yes |
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ASJC Scopus subject areas
- Economics and Econometrics
- Control and Optimization
Cite this
Smoothness of the policy function in continuous-time economic models. The one-dimensional case. / Santos, Manuel; Vila, Jean Luc.
In: Journal of Economic Dynamics and Control, Vol. 15, No. 4, 1991, p. 741-753.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Smoothness of the policy function in continuous-time economic models. The one-dimensional case
AU - Santos, Manuel
AU - Vila, Jean Luc
PY - 1991
Y1 - 1991
N2 - Infinite-horizon continuous-time optimization is often encountered in economic models. Herein we prove the C1 differentiability of the policy function when the objective is strongly concave and the state is unidimensional.
AB - Infinite-horizon continuous-time optimization is often encountered in economic models. Herein we prove the C1 differentiability of the policy function when the objective is strongly concave and the state is unidimensional.
UR - http://www.scopus.com/inward/record.url?scp=0000480702&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0000480702&partnerID=8YFLogxK
U2 - 10.1016/0165-1889(91)90042-Y
DO - 10.1016/0165-1889(91)90042-Y
M3 - Article
AN - SCOPUS:0000480702
VL - 15
SP - 741
EP - 753
JO - Journal of Economic Dynamics and Control
JF - Journal of Economic Dynamics and Control
SN - 0165-1889
IS - 4
ER -