Neighborhood turnpike theorem for continuous-time optimization models

DOI10.1023/A:1021794221688MaRDI QIDQ1301896zbMATH OpenOpenAlexFDO

Authors Marina Marena, Luigi Montrucchio

Publication date 12 September 1999

Published in Journal of Optimization Theory and Applications (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1023/a:1021794221688

zbMATH Keywords

dynamic modelsoptimal controloptimal growthneighborhood turnpike theoremcontinuous-time infinite-horizon optimization models

Mathematics Subject Classification ID

Dynamic programming (90C39) Existence theories for optimal control problems involving ordinary differential equations (49J15)

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Cites work

• scientific article; zbMATH DE number 3901506 (Why is no real title available?)
• A new turnpike theorem for discounted programs
• A primal route to the turnpike and Lyapunov stability
• A sensitivity analysis on optimal economic growth
• Analysis of the Asymptotic Behavior of Optimal Control Trajectories: The Implicit Programming Problem
• Convex Analysis
• Dynamic complexity of optimal paths and discount factors for strongly concave problems
• Existence theorems for Lagrange control problems with unbounded time domain
• Global asymptotic stability of optimal control systems with applications to the theory of economic growth
• Lower closure and existence theorems for optimal control problems with infinite horizon
• Minimum impatience theorems for recursive economic models
• On optimal steady states of n-sector growth models when utility is discounted
• On the existence of a stationary optimal stock for a multi-sector economy: A primal approach
• On the indeterminacy of capital accumulation paths
• On the optimality of given feedback controls
• Saddle points of Hamiltonian systems in convex Lagrange problems having a nonzero discount rate
• The neighbourhood turnpike property for continuous-time optimal growth models
• The structure and stability of competitive dynamical systems
• Topological entropy of policy functions in concave dynamic optimization models
• Well-posed optimization problems

Cited in

(7)

• A uniform neighborhood turnpike theorem and applications
• A new turnpike theorem for discounted programs
• On the smoothness of optimal paths. II. Some local turnpike results
• Turnpike theorems for Markov games
• The primal route to the turnpike and asymptotic stability
• Turnpike in infinite dimension
• The neighbourhood turnpike property for continuous-time optimal growth models

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