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- W2114436740 abstract "A comprehensive study of the linkages between demographic and economic variables should not only account for vintage specificity but also incorporate the relevant economic and demographic decisions in a complete optimal control set-up. In this paper, a methodological set-up allowing to reach these objectives is described. In this frame-work, time is continuous but agents take discrete timing decisions. The mixture of continuous and discrete time yields differential-difference equations (DDEs). This paper shows clearly that the approach allows for a relatively complete and rigorous analytical exploration in some special cases (mainly linear or quasi linear models), and for an easy computational appraisal in the general case." @default.
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- W2114436740 date "2004-01-01" @default.
- W2114436740 modified "2023-09-28" @default.
- W2114436740 title "Modelling Vintage Structures with DDEs: Principles and Applications" @default.
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- W2114436740 doi "https://doi.org/10.2139/ssrn.939513" @default.
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