Stochastic Control Model on Rent Seeking

来源 :Journal of Southwest Jiaotong University(English Edition) | 被引量 : 0次 | 上传用户:ourl123
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A continuous-time stochastic model is constructed to analyze how to control rent seeking behaviors.Using the stochastic optimization methods based on the modern risky theory,a unique positive solution to the dynamic model is derived.The effects of prefere
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