Optimality conditions and comparative statics for horizon and endpoint choices in optimal control theory

DOI10.1016/0165-1889(93)00785-3zbMath0875.90115MaRDI QIDQ1349605

Michael R. Caputo, James E. Wilen

Publication date: 27 February 1997

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(93)00785-3

zbMATH Keywords

Necessary and sufficient conditions; Comparative statics; Optimal control theory

Mathematics Subject Classification ID

93C95: Application models in control theory

91B62: Economic growth models

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Optimal sequence of landfills in solid waste management, Sufficient conditions for a class of investment problems, The envelope theorem for locally differentiable Nash equilibria of finite horizon differential games

Cites Work

• How to do comparative dynamics on the back of an envelope in optimal control theory
• The envelope theorem in dynamic optimization
• The taxation of nonreplenishable natural resources revisited
• The Le Chatelier principle in optimal control problems
• A primal-dual approach to comparative dynamics with time-dependent parameters in variational calculus
• Explicit Formulae of Comparative Dynamics
• Comparative Dynamics via Envelope Methods in Variational Calculus
• Conditional Demand Functions and Consumption Theory
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