Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/63128 
Year of Publication: 
2008
Series/Report no.: 
Memorandum No. 2008,02
Publisher: 
University of Oslo, Department of Economics, Oslo
Abstract: 
By means of some simple examples from economics, we elucidatecertain solution tools for the solution of optimal control problems were the system under study undergoes major changes when certain boundaries are crossed. The major changes may be that the state gets a jump discontinuity when crossing a boundary, or that the right hand side of the differential equation changes. Some theoretical result are presented. Among the results presented, at least the sufficient condition related to fields of extremals should be new.
Subjects: 
control
systems
JEL: 
C00
Document Type: 
Working Paper

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