Controllability of a nonholonomic macroeconomic system

DOI10.1007/s10957-012-0021-xzbMath1257.49022OpenAlexW2058015783MaRDI QIDQ1937008

Massimiliano Ferrara, F. Munteanu, D. Zugrăvescu, Constantin Udrişte

Publication date: 11 February 2013

Published in: Journal of Optimization Theory and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10957-012-0021-x

zbMATH Keywords

controllabilitysub-Riemannian geometryextremals with nonholonomic constraintsnonholonomic economic systemsimulations of economic paths

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Sub-Riemannian geometry (53C17) Optimality conditions for solutions belonging to restricted classes (Lipschitz controls, bang-bang controls, etc.) (49K30)

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Cites Work

• Multitime dynamic programming for curvilinear integral actions
• Multitime controllability, observability and bang-bang principle
• Riemannian optimal control
• Technical progress and economic growth
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