English, Article, Journal or magazine article edition: Modelling vintage structures with DDEs : principles and applications Omar LICANDRO; Raouf, BOUCEKKINE; David de la Croix

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Bookmark: http://trove.nla.gov.au/version/178348
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Modelling vintage structures with DDEs : principles and applications
Author
  • Omar LICANDRO
  • Raouf, BOUCEKKINE
  • David de la Croix
Physical Description
  • preprint
Notes
  • RePEc:fda:fdaddt:2004-07
  • 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 framework, 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.
  • RePEc:eui:euiwps:eco2004/​06
  • Demography, Economic growth, Vintage structures, Optimal control, Differential-difference equations, State-dependence
  • RePEc:ctl:louvir:2004004
Language
  • English
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