I have a system of two differential equations, k'[t] and c'[t].
In the problem I am working with I know the initial condition for k,
k=a and I know a steady state or boundary condition k[sometime]=b.
The problem is to choose c so that k[t] arrives (sometime) at point
b (which is a steady state). In puttering around with this problem
I've been use NDSolve to generate paths beginning at k=a and c=x.
Then by trial and error I vary x until I have a path such that
k[sometime] reaches b or very near b. Obviously, I would like an
interative procedure to do this automatically. Has anyone written such
a procedure already? I beleive this method of solving this type of
problem is called the shooting method.
Department of Economics
Ball State University
Muncie, IN, 47306
Web Page: http://www.bsu.edu/econ then hit Faculty and then Tabarrok
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