Boundary value problem of Pontryagin's maximum principle in a two-sector economy model with an integral utility function

DOI10.1134/S0965542515110093zbMath1337.49034MaRDI QIDQ267548

F. Blanchet-Sadri, M. Dambrine

Publication date: 8 April 2016

Published in: Computational Mathematics and Mathematical Physics (Search for Journal in Brave)

zbMATH Keywords

optimal controlboundary value problemPontryagin's maximum principleinfinite time horizonCobb-Douglas production functiontwo-sector economy model

Mathematics Subject Classification ID

Applications of optimal control and differential games (49N90) Production theory, theory of the firm (91B38) Utility theory (91B16) Existence theories for optimal control problems involving ordinary differential equations (49J15) Optimality conditions for problems involving ordinary differential equations (49K15)

Related Items (3)

Optimal processes in the model of two-sector economy with an integral utility function ⋮ Multidimensional economic-growth models with an integral utility function ⋮ Fixed Point Methods for Solving Boundary Value Problem of the Maximum Principle

Cites Work

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• Optimal resource distribution program in a two-sector economic model with a Cobb-Douglas production function with distinct amortization factors
• Optimal resource allocation program in a two-sector economic model with a Cobb-Douglas production function

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