A model for optimal infrastructure investment in boom towns
A linear model to determine the optimal policy for investment in social infrastructure is formulated and its solution is obtained using the Maximum Principle. The unique solution is characterized by a-bang-bang control, with only one interval of investment in social capital, and the endpoints of thi...
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| Language: | English |
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2010
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| Online Access: | http://hdl.handle.net/2429/22238 |