Solving internal habit formation models through dynamic programming in infinite dimension

DOI10.1007/S10957-017-1073-8MaRDI QIDQ2363573zbMATH OpenOpenAlexFDO

Authors Emmanuelle Augeraud-Veron, Mauro Bambi, Fausto Gozzi

Publication date 20 July 2017

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

Full work available at URL http://dro.dur.ac.uk/25957/1/25957.pdf

zbMATH Keywords

dynamic programminghabit formationoptimal control problems with delay

Mathematics Subject Classification ID

Control problems for functional-differential equations (34K35) Optimality conditions for problems involving ordinary differential equations (49K15) Dynamic programming in optimal control and differential games (49L20)

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Cites work

• scientific article; zbMATH DE number 158461 (Why is no real title available?)
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• Habits revealed
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• Introduction to functional differential equations
• Maintenance and investment: complements or substitutes? A reappraisal
• Optimal Growth with Intertemporally Dependent Preferences
• Optimal investment models with vintage capital: dynamic programming approach
• Optimal policy and consumption smoothing effects in the time-to-build AK model
• Representation and control of infinite dimensional systems. Volume I
• Solving optimal growth models with vintage capital: The dynamic programming approach
• The Infinite Time Quadratic Control Problem for Linear Systems with State and Control Delays: An Evolution Equation Approach

Cited in

(6)

• A greedy algorithm for habit formation under multiplicative utility
• Internal habits formation and optimality
• On history-dependent optimization models: a unified framework to analyze models with habits, satiation and optimal growth
• Utility Maximization with Habit Formation: Dynamic Programming and Stochastic PDEs
• Fifty years of mathematical growth theory: classical topics and new trends
• On the characterization of linear habit formation

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