Maximum principle for an optimal control problem with an asymptotic endpoint constraint

DOI10.1134/S0081543821060043OpenAlexW4206444183MaRDI QIDQ2071603

S. M. Aseev

Publication date: 28 January 2022

Published in: Proceedings of the Steklov Institute of Mathematics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1134/s0081543821060043

zbMATH Keywords

optimal controlinfinite horizonPontryagin maximum principlegrowth modelssustainable developmentasymptotic endpoint constraint

Mathematics Subject Classification ID

Economic growth models (91B62) Optimality conditions for problems involving ordinary differential equations (49K15)

Related Items (2)

Conditional cost function and necessary optimality conditions for infinite horizon optimal control problems ⋮ The Pontryagin maximum principle for optimal control problem with an asymptotic endpoint constraint under weak regularity assumptions

Uses Software

• DYNAMO

Cites Work

• Maximum principle for infinite-horizon optimal control problems under weak regularity assumptions
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• The Pontryagin maximum principle and problems of optimal economic growth
• Optimal policies in the Dasgupta-Heal-Solow-Stiglitz model under nonconstant returns to scale
• Infinite-horizon optimal control problems in economics
• NECESSARY CONDITIONS FOR A WEAK EXTREMUM IN OPTIMAL CONTROL PROBLEMS ON AN INFINITE TIME INTERVAL
• Shadow Prices and Duality for a Class of Optimal Control Problems
• Public Finance in Models of Economic Growth
• Optimal Exploitation of Renewable Resources: Lessons in Sustainability from an Optimal Growth Model of Natural Resource Consumption
• Another view of the maximum principle for infinite-horizon optimal control problems in economics
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