4 papers · 1 filter
Optimal policies for environmental assets under spatial heterogeneity and global awareness
Emmanuelle Augeraud-Véron, Daria Ghilli, Fausto Gozzi +1
The aim of this paper is to formulate and study a stochastic model for the management of environmental assets in a geographical context where in each place the local authorities ta…
Optimal Planning in Habit Formation Models with Multiple Goods
Mauro Bambi, Daria Ghilli, Fausto Gozzi +1
In this paper, on the line e.g. of [COW00]) we investigate a model with habit formation and two types of substitute goods. Such family of models, even in the case of 1 good, are di…
An optimal control problem with state constraints in a spatio-temporal economic growth model on networks
Alessandro Calvia, Fausto Gozzi, Marta Leocata +3
We introduce a spatial economic growth model where space is described as a network of interconnected geographic locations and we study a corresponding finite-dimensional optimal co…
A Stochastic Model of Economic Growth in Time-Space
Fausto Gozzi, Marta Leocata
We deal with an infinite horizon, infinite dimensional stochastic optimal control problem arising in the study of economic growth in time-space. Such problem has been the object of…