Sufficient conditions for a class of investment problems

被引:8
作者
Cairns, RD [1 ]
机构
[1] McGill Univ, Dept Econ, Montreal, PQ H3A 2T7, Canada
关键词
investment; economies of scale; optimal control; control parameters; non-convexity;
D O I
10.1016/S0165-1889(97)00114-0
中图分类号
F [经济];
学科分类号
02 ;
摘要
Sufficient conditions are obtained for a generalization of the control problem of Bolza-Hestenes, in which various functions may not be concave in the control parameter(s). It is applicable to problems of investment in fixed capacity, where there are economies of scale. (C) 1998 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:55 / 69
页数:15
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