A Singular Differential Equation Stemming from an Optimal Control Problem in Financial Economics
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KeywordsSingular ODE Initial value problem Supersolution Subsolution Nonuniqueness
We would like to thank an anonymous referee for very detailed and thoughtful comments. This research was undertaken while Aleš Černý visited Comenius University in Bratislava in spring 2012. The financial support of the VÚB Foundation under the “Visiting professor 2011” funding scheme is gratefully acknowledged. Pavol Brunovský gratefully acknowledges support by the grants VEGA 1/0711/12 and VEGA 1/2429/12.
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