Value functions and transversality conditions for infinite-horizon optimal control problems

DOI10.1007/s11228-009-0132-1zbMath1182.49021MaRDI QIDQ2270212

Nobusumi Sagara

Publication date: 15 March 2010

Published in: Set-Valued and Variational Analysis (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/10114/3996

Mathematics Subject Classification ID

49L20: Dynamic programming in optimal control and differential games

49K21: Optimality conditions for problems involving relations other than differential equations

Related Items

Necessity of vanishing shadow price in infinite horizon control problems

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Unnamed Item
• A modified Hamilton-Jacobi approach in the generalized problem of Bolza
• First and second order sufficient conditions for optimal control and the calculus of variations
• Hamilton-Jacobi equations: Viscosity solutions and generalized gradients
• The Pontryagin maximum principle and problems of optimal economic growth
• An existence result for optimal economic growth problems
• Maximum principle and transversality condition for concave infinite horizon economic models
• New results on the relationship between dynamic programming and the maximum principle
• Optimal trajectories associated with a solution of the contingent Hamilton-Jacobi equation
• Maximum principle, dynamic programming and their connection in deterministic control
• Duality theory for dynamic optimization models of economics: The continuous time case
• A proof of Pontryagin's minimum principle using dynamic programming
• Existence theorems for Lagrange control problems with unbounded time domain
• Existence theorems for general control problems of Bolza and Lagrange
• Lower closure and existence theorems for optimal control problems with infinite horizon
• Verification theorems within the framework of viscosity solutions
• Nonsmooth maximum principle for infinite-horizon problems
• Recursive utility and optimal capital accumulation. II: Sensitivity and duality theory
• On a sufficient transversality condition for infinite horizon optimal control problems
• Conjugate convex functions in optimal control and the calculus of variations
• Some Properties of Viscosity Solutions of Hamilton-Jacobi Equations
• Viscosity Solutions of Hamilton-Jacobi Equations
• The Relationship between the Maximum Principle and Dynamic Programming
• Shadow Prices and Duality for a Class of Optimal Control Problems
• Analysis of the Asymptotic Behavior of Optimal Control Trajectories: The Implicit Programming Problem
• A Support Price Theorem for the Continuous Time Model of Capital Accumulation
• On the Transversality Condition in Infinite Horizon Optimal Problems
• Some Characterizations of Optimal Trajectories in Control Theory
• Necessary Conditions for Optimal Control Problems with Infinite Horizons
• Generalized Gradients and Applications
• Sufficient Conditions in Optimal Control Theory
• Existence of optimal controls for continuous time infinite horizon problems
• Necessity of Transversality Conditions for Infinite Horizon Problems
• Duality and uniqueness of convex solutions to stationary Hamilton-Jacobi equations
• The Pontryagin Maximum Principle From Dynamic Programming and Viscosity Solutions to First-Order Partial Differential Equations
• Optimal Arcs and the Minimum Value Function in Problems of Lagrange
• The Pontryagin Maximum Principle and Transversality Conditions for a Class of Optimal Control Problems with Infinite Time Horizons
• Sufficient Conditions for the Optimal Control of Nonlinear Systems
• Optimal control