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Nonstationary discrete-time deterministic and stochastic control systems with infinite horizon
(International Journal of Control, 2010-09)
Financial segmentation and collateralized debt in infinite-horizon economies
(Elsevier B.V., 2019)
© 2018 Elsevier B.V. In this paper we address equilibrium existence in economies with default, long-term collateralized debt, and financial market segmentation. We first prove equilibrium existence in the finite-horizon ...
On the value function for nonautonomous optimal control problems with infinite horizon
(Elsevier B.V., 2007-03-01)
In this paper we consider nonautonomous optimal control problems of infinite horizon type, whose control actions are given by L-1-functions. We verify that the value function is locally Lipschitz. The equivalence between ...
On the value function for nonautonomous optimal control problems with infinite horizon
(Elsevier B.V., 2007-03-01)
In this paper we consider nonautonomous optimal control problems of infinite horizon type, whose control actions are given by L-1-functions. We verify that the value function is locally Lipschitz. The equivalence between ...
A maximum principle for infinite time asymptotically stable impulsive dynamic control systems
(2010-12-01)
We consider an infinite horizon optimal impulsive control problems for which a given cost function is minimized by choosing control strategies driving the state to a point in a given closed set C ∞. We present necessary ...
A maximum principle for infinite time asymptotically stable impulsive dynamic control systems
(2010-12-01)
We consider an infinite horizon optimal impulsive control problems for which a given cost function is minimized by choosing control strategies driving the state to a point in a given closed set C ∞. We present necessary ...
On Ponzi schemes in infinite horizon collateralized economies with default penalties
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2011-06-30)
Araujo, Páscoa and Torres-Martínez (2002) showed that, without imposing any debt constraint, Ponzi schemes are ruled out in infinite horizon economies with limited commitment when collateral is the only mechanism that ...
On the value function for nonautonomous optimal control problems with infinite horizon
(Elsevier B.V., 2014)
Competitive equilibria in infinite-horizon collateralized economies with default penalties
(Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2010-03-16)
Araújo, Páscoa and Torres-Martinez (2002) have shown that, without imposing either debt constraints or transversality conditions, Ponzi schemes are ruled out in infinite horizon economies with default when collateral is ...