The Le Chatelier principle in optimal control problems

DOI10.1016/0022-0531(78)90058-3zbMath0401.49022OpenAlexW1994667215MaRDI QIDQ1255219

Larry G. Epstein

Publication date: 1978

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0022-0531(78)90058-3

zbMATH Keywords

Optimal Control ProblemsLe Chatelier PrinciplePlanning Problem

Mathematics Subject Classification ID

Sensitivity, stability, well-posedness (49K40) Economic growth models (91B62) Existence theories in calculus of variations and optimal control (49J99)

Related Items (7)

Optimality conditions and comparative statics for horizon and endpoint choices in optimal control theory ⋮ A natural extension of the classical envelope theorem in vector differential programming ⋮ Comparative dynamics in the adjustment-cost model of the firm ⋮ The envelope theorem for locally differentiable Nash equilibria of finite horizon differential games ⋮ The comparative dynamics of closed-loop controls for discounted infinite horizon optimal control problems ⋮ The Le Chatelier Principle in dynamic models of the firm ⋮ The envelope theorem in dynamic optimization

Cites Work

• Extensions of the Le Chatelier-Samuelson Principle and Their Application to Analytical Economics--Constraints and Economic Analysis
• Smoothness, Comparative Dynamics, and the Turnpike Property
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