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This article is cited in 10 scientific papers (total in 10 papers)
Adjoint variables and intertemporal prices in infinite-horizon optimal control problems
S. M. Aseev Steklov Mathematical Institute of Russian Academy of Sciences, Moscow, Russia
Abstract:
The properties of adjoint variables involved in the relations of the Pontryagin maximum principle are investigated for a class of infinite-horizon optimal control problems that arise in the study of economic growth processes. New formulations of the maximum principle in terms of intertemporal prices and the conditional value of the capital are established. Several illustrative examples are considered.
Received: March 15, 2015
Citation:
S. M. Aseev, “Adjoint variables and intertemporal prices in infinite-horizon optimal control problems”, Modern problems of mathematics, mechanics, and mathematical physics, Collected papers, Trudy Mat. Inst. Steklova, 290, MAIK Nauka/Interperiodica, Moscow, 2015, 239–253; Proc. Steklov Inst. Math., 290:1 (2015), 223–237
Linking options:
https://www.mathnet.ru/eng/tm3655https://doi.org/10.1134/S0371968515030206 https://www.mathnet.ru/eng/tm/v290/p239
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Abstract page: | 463 | Full-text PDF : | 49 | References: | 63 | First page: | 5 |
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