Optimal control theory in infinite horizon and discrete time offers a setting which is used in a
lot of problems from various scientific fields: economics, management, sustainable …

In this chapter we study dynamic incentive models in which risk sharing is endogenously
limited by the presence of informational or enforcement frictions. We comprehensively …

We develop a recursive dual method for solving dynamic economic problems. The method
uses a Lagrangian to pair a dynamic recursive economic problem with a dual problem. We …

This paper concerns optimal control problems for infinite-horizon discrete-time deterministic
systems with the long-run average cost (AC) criterion. This optimality criterion can be traced …

We study optimal provision of unemployment insurance in a model where agents privately
observe arrival of job opportunities and government's ability to commit is imperfect. Imperfect …

Optimal growth problem is an important optimization problem in the theory of economic
dynamics. This paper provides an overview of the main approaches used in the existing …

One part of the literature on endogenous growth concerns models where public
infrastructure affects the private production process. An unsolved puzzle in this literature …

In this paper, we pursue the study of harmonic functions on the real hyperbolic ball started in
[13]. Our focus here is on the theory of Hardy‐Sobolev and Lipschitz spaces of these …

This paper studies the optimal growth of a developing non-renewable natural resource
producer. It extracts the resource, and produces a single consumption good with man-made …

In this paper, we study an endogenous growth model with physical and human capital in
which consumption habits enter the utility function multiplicatively. We show that although …