Calculus of variations
If we dropC(t)0 and reformulate as
ZT0exp( rt)UF(K(t)) bK(t) K^0 (t)dt
K( 0 )=K 0we get a calculus of variation problem.
greg delong
(Greg DeLong)
#1
If we dropC(t)0 and reformulate as
ZT0exp( rt)UF(K(t)) bK(t) K^0 (t)dt
K( 0 )=K 0we get a calculus of variation problem.