Optimal Enforcement on a Pure Seller's Market of Illicit Drugs

Borisov, V., Feichtinger, G., & Kryazhimskii, A. (2000). Optimal Enforcement on a Pure Seller's Market of Illicit Drugs. Journal of Optimization Theory and Applications 106 (1) 1-22. 10.1023/A:1004629722109.

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Abstract

An optimal control problem for the dynamic enforcement (crackdown) of dealers on a pure seller's market for illicit drugs is explored. Theorems on existence and uniqueness of the optimal synthesis are proved. Using a technique of resolution of singularities for degenerate differential equations, we design analytically an optimal enforcement policy.

Item Type:	Article
Uncontrolled Keywords:	Pontryagin maximum principle, optimal synthesis, degenerate fixed points of ordinary differential equation, optimal enforcement, illicit drug markets
Research Programs:	Advanced Systems Analysis (ASA)
Depositing User:	Luke Kirwan
Date Deposited:	04 Aug 2016 08:45
Last Modified:	27 Aug 2021 17:27
URI:	https://pure.iiasa.ac.at/13568

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