Abstract
We present an algorithm for evaluating the distribution of the number of controls in trigger-target models. This algorithm can be applied to study the distribution of capital installed in a certain time period, the distribution of quantity of money demanded, as well as other applications.
| Original language | English |
|---|---|
| Pages (from-to) | 1367-1371 |
| Number of pages | 5 |
| Journal | Journal of Economic Dynamics and Control |
| Volume | 20 |
| Issue number | 8 |
| DOIs | |
| State | Published - Aug 1996 |
Keywords
- Impulse control
- Investment
- Trigger-target
ASJC Scopus subject areas
- Economics and Econometrics
- Control and Optimization
- Applied Mathematics