Infinite-Horizon Optimal Control with Applications in Growth Theory (Lecture Notes)

Aseev, S.M. (2009). Infinite-Horizon Optimal Control with Applications in Growth Theory (Lecture Notes). MSU CMC Publications Department, MAKS Press, Moscow, Russia

Full text not available from this repository.

Abstract

These lecture notes provide an introduction to the optimal control theory with a focus on recent achievements in the area of infinite-horizon optimal control. In particular, they present the recently developed "finite-horizon approximation" approach to deriving a modified maximum principle targeted specifically to infinite-horizon optimal control problems. The neoclassical optimal economic growth model with the logarithmic instantaneous utility function is considered as an illustrating example.

Item Type: Other
Research Programs: Dynamic Systems (DYN)
Bibliographic Reference: MSU CMC Publications Department, MAKS Press, Moscow, Russia
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:42
Last Modified: 27 Aug 2021 17:38
URI: https://pure.iiasa.ac.at/9032

Actions (login required)

View Item View Item