Optimal control of interacting systems with DNSS property: The case of illicit drug use

► We combine two similar one-dimensional optimal control problems with DNSS property. ► In the resulting model two one-dimensional problems are jointly managed. ► Introducing even a modest amount of interaction can make a big difference. ► Interaction leads to multiple optimal steady states and rela...

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Veröffentlicht in:	Journal of economic behavior & organization 2011-04, Vol.78 (1), p.60-73
Hauptverfasser:	Zeiler, I., Caulkins, J.P., Tragler, G.
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital Control theory Development DNSS points Drug abuse Drug use Dynamical systems Dynamics Economic models Economics Illicit drug use Indifference points Interacting systems Interactionism Marketing Multiple equilibria Optimal control Optimal control Indifference points Multiple equilibria DNSS points Illicit drug use Interacting systems Property Quantitative Finance Studies Thresholds
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