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On the Smoothness of Optimal Paths

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Author Info
Blot, J.
Crettez, B.
Abstract

We study the differentiability of order k greater than or equal to 1 of optimal trajectories of dynamic economic models with respect various parameters like initial stock, discount rate, ... We use the framework of Babach spaces of sequences and we use Differential Calculus on operators between these spaces. We obtain an alternative condition to the classical Block Diagonal Dominant condition.

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Publisher Info
Paper provided by Université Panthéon-Sorbonne (Paris 1) in its series Papiers d'Economie Mathématique et Applications with number 2000.16.

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Length: 43 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:fth:pariem:2000.16

Contact details of provider:
Postal: France; Universite de Paris I - Pantheon- Sorbonne, 12 Place de Pantheon-75005 Paris, France
Web page: http://cermsem.univ-paris1.fr/
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Related research
Keywords: ECONOMIC MODELS ; DISCOUNT RATE ; OPTIMAL CONTROL;

Find related papers by JEL classification:
C61 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Optimization Techniques; Programming Models; Dynamic Analysis
D99 - Microeconomics - - Intertemporal Choice and Growth - - - Other
O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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This page was last updated on 2009-12-16.


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