Adjoint variables and intertemporal prices in infinite-horizon optimal control problems

DOI10.1134/S0081543815060206zbMath1330.49017OpenAlexW2288046681MaRDI QIDQ902068

S. M. Aseev

Publication date: 7 January 2016

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

Full work available at URL: https://doi.org/10.1134/s0081543815060206

zbMATH Keywords

Pontryagin maximum principleinfinite-horizon optimal control problemsadjoint variableseconomic growth processesintertemporal prices

Mathematics Subject Classification ID

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

Related Items (8)

On the boundedness of optimal controls in infinite-horizon problems ⋮ On Balder's existence theorem for infinite-horizon optimal control problems ⋮ Existence of an optimal control in infinite-horizon problems with unbounded set of control constraints ⋮ Another view of the maximum principle for infinite-horizon optimal control problems in economics ⋮ 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 ⋮ Optimal Exploitation of Renewable Resources: Lessons in Sustainability from an Optimal Growth Model of Natural Resource Consumption ⋮ Optimal policies in the Dasgupta-Heal-Solow-Stiglitz model under nonconstant returns to scale

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• Maximum principle for infinite-horizon optimal control problems under weak regularity assumptions
• On necessary optimality conditions for infinite-horizon economic growth problems with locally unbounded instantaneous utility function
• Whether chaos can be achieved in piecewise linear boundary value problems
• The Pontryagin maximum principle and problems of optimal economic growth
• Duality theory for dynamic optimization models of economics: The continuous time case
• The Pontryagin maximum principle for an optimal control problem with a functional specified by an improper integral
• On some properties of the adjoint variable in the relations of the Pontryagin maximum principle for optimal economic growth problems
• Infinite-horizon optimal control problems in economics
• Functional Analysis, Calculus of Variations and Optimal Control
• On the Transversality Condition in Infinite Horizon Optimal Problems
• Necessary Conditions for Optimal Control Problems with Infinite Horizons
• The Pontryagin Maximum Principle and Transversality Conditions for a Class of Optimal Control Problems with Infinite Time Horizons

This page was built for publication: Adjoint variables and intertemporal prices in infinite-horizon optimal control problems