On necessary optimality conditions for infinite-horizon economic growth problems with locally unbounded instantaneous utility function

DOI10.1134/S0081543814010040zbMath1310.91101OpenAlexW2017879133MaRDI QIDQ483376

K. O. Besov

Publication date: 17 December 2014

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

Full work available at URL: https://doi.org/10.1134/s0081543814010040

zbMATH Keywords

economic growthPontryagin maximum principleinfinite-horizon optimal controlunbounded instantaneous utility

Mathematics Subject Classification ID

Economic growth models (91B62) Existence theories for optimal control problems involving ordinary differential equations (49J15) Optimality conditions for problems involving ordinary differential equations (49K15)

Related Items (11)

Maximum principle for infinite-horizon optimal control problems under weak regularity assumptions ⋮ On the boundedness of optimal controls in infinite-horizon problems ⋮ Problem of optimal endogenous growth with exhaustible resources and possibility of a technological jump ⋮ 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 ⋮ Adjoint variables and intertemporal prices in infinite-horizon optimal control problems ⋮ Numerical methods for construction of value functions in optimal control problems on an infinite horizon ⋮ Optimal policies in the Dasgupta-Heal-Solow-Stiglitz model under nonconstant returns to scale ⋮ Maximum principle for an optimal control problem with an asymptotic endpoint constraint ⋮ Optimal transition to greener production in a pro-environmental society

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