On the Transversality Condition in Infinite Horizon Optimal Problems
From MaRDI portal
Publication:3942712
DOI10.2307/1912772zbMath0483.90026MaRDI QIDQ3942712
Publication date: 1982
Published in: Econometrica (Search for Journal in Brave)
Full work available at URL: https://semanticscholar.org/paper/be4043d68140508a2b94ca6c1a3250cacf6a0c2c
91B62: Economic growth models
49K15: Optimality conditions for problems involving ordinary differential equations
Related Items
A NOTE ON THE CONSEQUENCES OF AN ENDOGENOUS DISCOUNTING DEPENDING ON THE ENVIRONMENTAL QUALITY, The infinite horizon dynamic optimization problem revisited: A simple method to determine equilibrium states, Necessary conditions for infinite-horizon discounted two-stage optimal control problems, Why present-oriented societies undergo cycles of drug epidemics., Does NNP growth indicate welfare improvement?, On the persistence of corruption, Capital accumulation games of infinite duration, An infinite-horizon maximum principle with bounds on the adjoint variable, Solving optimal growth models with vintage capital: The dynamic programming approach, Controlled stochastic differential equations under Poisson uncertainty and with unbounded utility, The Pontryagin maximum principle and problems of optimal economic growth, A note on social accounting and unemployment, Transversality condition and optimality in a class of infinite horizon continuous time economic models, Characterizing sustainability: The converse of Hartwick's rule, Welfare equivalent NNP under distributional objectives, Maximum principle for control problems with uncertain horizon and variable discount rate, Nonsmooth maximum principle for infinite-horizon problems, Turnpike theory. Some new results on the saddle point property of equilibria and on the existence of endogenous cycles, Uniqueness of Markov-perfect equilibrium in infinite-time affine-quadratic differential games, Strong concavity properties of indirect utility functions in multisector optimal growth models, Symmetry and optimal control in economics., History dependence without unstable steady state: a non-differentiable framework., General symmetries in optimal control, Vintage capital and the dynamics of the AK model, Suzdal conference--3. Proceedings of the international conference on dynamical systems and differential equations, Suzdal, Russia, July 1--6, 2002. Part 3. Transl. from the Russian, On a sufficient transversality condition for infinite horizon optimal control problems, An optimal control problem with a random stopping time, A DNS-curve in a two-state capital accumulation model: A numerical analysis, An infinite-horizon multistage dynamic optimization problem, First-order necessary conditions for infinite-horizon variational problems, Endogenous cycles with small discounting in multisector optimal growth models: Continuous-time case, Transversality condition for infinite-horizon problems, On infinite-horizon optimal control problems, On a class of optimal control problems arising in mathematical economics, Necessary optimality conditions for nonautonomous control systems with an infinite time horizon, The failure of Ricardian equivalence under dynastic altruism, History-dependence in a rational addiction model, A dynamical model of optimal investment in R\& D, Shadow prices in infinite-horizon optimal control problems with dominating discounts, Optimal control in infinite horizon problems: A Sobolev space approach, WELFARE MEASUREMENT AND COST-BENEFIT ANALYSIS IN NASH AND STACKELBERG DIFFERENTIAL FISH GAMES, Optimal control on an infinite domain, Value Functions and Transversality Conditions for Infinite Horizon Optimal Control Problems
