On the optimality of given feedback controls (Q1122134)
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scientific article; zbMATH DE number 4105713
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | On the optimality of given feedback controls |
scientific article; zbMATH DE number 4105713 |
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On the optimality of given feedback controls (English)
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1990
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We show how to construct a Lagrange problem which has the property that its extremals are the solutions of a given differential equation and which satisfies certain structural assumptions. These assumptions require that the integrand is either a concave function or that it is additively separable. In the first case, which is relevant in economics, we present a continuous-time analogue of the indeterminacy result of \textit{M. Boldrin} and \textit{L. Montrucchio} [J. Econ. Theory 40, No.1, 26-39 (1986; Zbl 0662.90021)]. The second case is illustrated by a minimum principle for the logistic growth function.
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Lagrange problem
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extremals
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minimum principle
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0.9501115
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0.9329944
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0.93075776
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