Optimal control theory provides a mathematical framework for devising strategies that steer dynamical systems towards a desired performance while minimising a prescribed cost function. In recent ...

Optimal control theory for differential equations is a pivotal discipline that combines rigorous mathematical analysis with practical applications in engineering, economics, and the natural sciences.

Proceedings. Annual Conference on Taxation and Minutes of the Annual Meeting of the National Tax Association, Vol. 113 (2020), pp. 1-79 (80 pages) I study the optimal default savings rate in automatic ...

In a three-way allocation, the Nobel Memorial Prize in Economic Science was awarded moments ago to Leonid Hurwicz, of the University of Minnesota-Twin Cities; Eric S. Maskin, of the Institute for ...

The American Economic Review, Vol. 108, No. 4-5 (APRIL 2018), pp. 985-1033 (49 pages) This paper provides a simple, yet robust framework to evaluate the time profile of benefits paid during an ...