On the relation between turnpike properties for finite and infinite horizon optimal control problems (Q2412828)

In this paper, under some regularity conditions, the relation between turnpike properties for two classes of optimal control problems is investigated: finite horizon optimal control problems and infinite horizon optimal control problems. More precisely, it is proved that the turnpike property occurs in the finite horizon optimal control problem if and only if it occurs in the infinite horizon optimal control problem involving the same stage cost. More accurate, these turnpike properties are equivalent under appropriate technical hypotheses. Moreover, the result is proved for both undiscounted and discounted problems.