Optimal Consumption in a Growth Model with the Cobb–Douglas Production Function

DOI10.1137/070709153zbMath1176.49033OpenAlexW1979298286MaRDI QIDQ3648552

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Publication date: 27 November 2009

Published in: SIAM Journal on Control and Optimization (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1137/070709153

zbMATH Keywords

Hamilton-Jacobi-Bellman equationeconomic growthviscosity solutionsRamsey problemCobb-Douglas production function

Mathematics Subject Classification ID

Dynamic programming in optimal control and differential games (49L20) Economic growth models (91B62) Optimal stochastic control (93E20) Viscosity solutions to Hamilton-Jacobi equations in optimal control and differential games (49L25)

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