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Local stability of stationary states in discounted optimal control systems - MaRDI portal

Local stability of stationary states in discounted optimal control systems (Q1321140)

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scientific article; zbMATH DE number 557668
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English
Local stability of stationary states in discounted optimal control systems
scientific article; zbMATH DE number 557668

    Statements

    Local stability of stationary states in discounted optimal control systems (English)
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    27 April 1994
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    discounted utility maximization
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    local optimality and stability conditions
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    stationary solutions of autonomous optimal control
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    positive rate of discounting
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    optimal economic growth
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