The article contains a Technology Investment Optimal Control model under the assumption, that the average long run stock of costumers depends linearly on the technology level. Despite of the numerically computed steady states and general statements on the motion of optimal paths (saddle point convergence, limit cycle, bifurcation analysis, etc.), the article contains a numerically computed DNS-curve (discontinuity of the value function).
E-Mail: | Josef.Haunschmied@tuwien.ac.at |
Homepage: | www.eos.tuwien.ac.at/OR/Haunschmied |