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

DOI10.1134/S0081543808030103zbMATH Open1160.49022OpenAlexW1986207399MaRDI QIDQ2378014FDOQ2378014

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

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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)

Cites Work

• Convex Analysis
• An existence result for optimal economic growth problems
• Mathematical optimization and economic theory
• Title not available (Why is that?)
• Dynamic optimality principles and sensitivity analysis in models of economic growth.
• Title not available (Why is that?)

Cited In (19)

• 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
• The structure of optimal solutions for harvesting a renewable resource
• Optimal control for proportional economic growth
• Optimal control and optimal trajectories of regional macroeconomic dynamics based on the Pontryagin maximum principle
• A current-value Hamiltonian approach to discrete-time optimal control problems in economic growth theory
• Construction of nonlinear regulators in economic growth models
• 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
• Optimal control in a macroeconomic problem
• An estimate of a smooth approximation of the production function for integrating Hamiltonian systems
• On some properties of the adjoint variable in the relations of the Pontryagin maximum principle for optimal economic growth problems

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