Maximum Principle for an Optimal Control Problem with an Asymptotic Endpoint Constraint

Aseev, S.M. (2021). Maximum Principle for an Optimal Control Problem with an Asymptotic Endpoint Constraint. Proceedings of the Steklov Institute of Mathematics 315 (S1) S42-S54. 10.1134/S0081543821060043.

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Abstract

Under conditions characterizing the dominance of the discounting factor, a complete version of the Pontryagin maximum principle for an optimal control problem with infinite time horizon and a special asymptotic endpoint constraint is developed. Problems of this type arise in mathematical economics in the studies of growth models.

Item Type: Article
Research Programs: Advancing Systems Analysis (ASA)
Advancing Systems Analysis (ASA) > Exploratory Modeling of Human-natural Systems (EM)
Depositing User: Luke Kirwan
Date Deposited: 29 Mar 2022 14:17
Last Modified: 29 Mar 2022 14:17
URI: http://pure.iiasa.ac.at/17933

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