Another view of the maximum principle for infinite-horizon optimal control problems in economics

DOI10.1070/RM9915zbMath1480.49022MaRDI QIDQ5112438

S. M. Aseev, Vladimir M. Veliov

Publication date: 29 May 2020

Published in: Russian Mathematical Surveys (Search for Journal in Brave)

zbMATH Keywords

economicsinfinite-horizon optimal control

Mathematics Subject Classification ID

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

Related Items (15)

Optimal Cyclic Dynamic of Distributed Population Under Permanent and Impulse Harvesting ⋮ The group behaviour modelling of workers in the labor market ⋮ The maximum principle for discounted optimal control of partially observed forward-backward stochastic systems with jumps on infinite horizon ⋮ Mathematical model of human capital dynamics ⋮ Necessary conditions in infinite-horizon control problems that need no asymptotic assumptions ⋮ Optimal accumulation of factors with linear-homogeneous production functions on infinite time horizon ⋮ 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 ⋮ Existence of optimal stationary states of exploited populations with diffusion ⋮ Infinite Horizon Optimal Control of Non-Convex Problems Under State Constraints ⋮ On optimization of tax functions ⋮ Optimal cyclic harvesting of a distributed renewable resource with diffusion ⋮ Maximum principle for an optimal control problem with an asymptotic endpoint constraint ⋮ Optimal states of distributed exploited populations with periodic impulse harvesting ⋮ Hamilton's rule, the evolution of behavior rules and the wizardry of control theory

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