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More on Stock Pollutants followed by the Environment and Asymmetric Information

More on Stock Pollutants followed by the Environment and Asymmetric Information. Lecture ECON 4910. First some important OC results. Let V(x*,s)=max ? s ? U(u,x)e -rt dt st dx/dt =f(x,u), x(s) = x* The Hamiltonian is H = U(u,x) + ? f(x,u) V(x*,s) has the following important properties:

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