Properties of Hamiltonian systems in the Pontryagin's maximum principle for economic growth problems

DOI10.1134/S0081543808030103MaRDI QIDQ2378014zbMATH OpenOpenAlexFDO

Authors Andrey A. Krasovskii, A. M. Tarasyev

Publication date 5 January 2009

Published in Proceedings of the Steklov Institute of Mathematics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1134/s0081543808030103

zbMATH Keywords

Hamiltonian systemsPontryagin's maximum principleoptimal control problemoptimal economic growth trajectory

Mathematics Subject Classification ID

Optimality conditions for problems involving partial differential equations (49K20) Economic growth models (91B62) Numerical methods based on necessary conditions (49M05)

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Cites work

• scientific article; zbMATH DE number 3283233 (Why is no real title available?)
• scientific article; zbMATH DE number 3307207 (Why is no real title available?)
• An existence result for optimal economic growth problems
• Convex Analysis
• Dynamic optimality principles and sensitivity analysis in models of economic growth.
• Mathematical optimization and economic theory

Cited in

(19)

• On some properties of the adjoint variable in the relations of the Pontryagin maximum principle for optimal economic growth problems
• On group analysis of optimal control problems in economic growth models
• Proportional economic growth under conditions of limited natural resources
• Some facts about the Ramsey model
• The analysis of the dynamic optimization problem in econophysics from the point of view of the symplectic approach for constrained systems
• Optimization of functionality development
• Estimate of a smooth approximation to the production function for integrating Hamiltonian systems
• Structure of a stabilizer for the Hamiltonian systems
• Optimal control for proportional economic growth
• The structure of optimal solutions for harvesting a renewable resource
• Optimal control and optimal trajectories of regional macroeconomic dynamics based on the Pontryagin maximum principle
• Construction of nonlinear regulators in economic growth models
• A current-value Hamiltonian approach to discrete-time optimal control problems in economic growth theory
• The saddle point property in Hamiltonian systems
• Bernoulli substitution in the Ramsey model: optimal trajectories under control constraints
• The group-theoretical analysis of nonlinear optimal control problems with Hamiltonian formalism
• Hamiltonian trajectories and saddle points in mathematical economics
• An estimate of a smooth approximation of the production function for integrating Hamiltonian systems
• Optimal control in a macroeconomic problem

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