Incentive compatibility constraints and dynamic programming in continuous time

DOI10.1016/S0304-4068(00)00054-9zbMath0963.49021OpenAlexW2056658450WikidataQ127609933 ScholiaQ127609933MaRDI QIDQ1592522

Andrzej Świȩch, Fausto Gozzi, Emilio Basrucci

Publication date: 20 March 2001

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0304-4068(00)00054-9

zbMATH Keywords

Hamilton-Jacobi-Bellman equationviscosity solutionvalue functiondynamic programming principleincentive compatibility constraintsinfinite horizon continuous time optimal controlsecond best Pareto optimum

Mathematics Subject Classification ID

Economic growth models (91B62) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Viscosity solutions to Hamilton-Jacobi equations in optimal control and differential games (49L25)

Related Items (3)

Optimal Portfolio Choice with Path Dependent Labor Income: the Infinite Horizon Case ⋮ Optimal strategies in linear multisector models: Value function and optimality conditions ⋮ On the Dynamic Programming Approach to Incentive Constraint Problems

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