A DNS-curve in a two-state capital accumulation model: a numerical analysis
Article Abstract:
A capital accumulation model in an optimal control theoretic framework is studied where the capital stock and the investment rate are modelled as state variables and the change in investment rate as control. A curve in the state pane is computed numerically and identified as the DNS-curve.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2003
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Anticipation effects of technological progress on capital
Article Abstract:
Analysis of model for classification of capital goods, for learning about effects of embodied technological progress on management of vintage capital by firms for maximization of profits, is presented.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2006
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Keeping up with the technology pace: A DNS-curve and a limit cycle in a technology investment decision problem
Article Abstract:
The investment decision problems arising in a firm when it tries to keep it self pace up with new technological developments, are analyzed by designing a two state optimal control model.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2005
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