In this paper we propose a macro-dynamic age-structured set-up for the analysis of epidemics/economic dynamics in continuous time. The resulting optimal control problem is reformulated in an infinite dimensional Hilbert space framework where we perform the basic steps of dynamic programming approach. Our main result is a verification theorem which allows to guess the feedback form of optimal strategies. This will be a departure point to discuss the behavior of the models of the family we introduce and their policy implications.
Fabbri, G., Gozzi, F., Zanco, G.A. (2021). Verification results for age-structured models of economic-epidemics dynamics. JOURNAL OF MATHEMATICAL ECONOMICS, 93, 1-11 [10.1016/j.jmateco.2020.102455].
Verification results for age-structured models of economic-epidemics dynamics
Giovanni Alessandro Zanco
2021-01-01
Abstract
In this paper we propose a macro-dynamic age-structured set-up for the analysis of epidemics/economic dynamics in continuous time. The resulting optimal control problem is reformulated in an infinite dimensional Hilbert space framework where we perform the basic steps of dynamic programming approach. Our main result is a verification theorem which allows to guess the feedback form of optimal strategies. This will be a departure point to discuss the behavior of the models of the family we introduce and their policy implications.File | Dimensione | Formato | |
---|---|---|---|
JME-D-20-00380_R1.pdf
Open Access dal 07/01/2023
Tipologia:
Post-print
Licenza:
Creative commons
Dimensione
1.04 MB
Formato
Adobe PDF
|
1.04 MB | Adobe PDF | Visualizza/Apri |
1-s2.0-S0304406820301324-main.pdf
non disponibili
Tipologia:
PDF editoriale
Licenza:
NON PUBBLICO - Accesso privato/ristretto
Dimensione
555.58 kB
Formato
Adobe PDF
|
555.58 kB | Adobe PDF | Visualizza/Apri Richiedi una copia |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
https://hdl.handle.net/11365/1222417