On necessary optimality conditions for infinite-horizon economic growth problems with locally unbounded instantaneous utility function

DOI10.1134/S0081543814010040zbMATH Open1310.91101OpenAlexW2017879133MaRDI QIDQ483376FDOQ483376

Publication date: 17 December 2014

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

Full work available at URL: https://doi.org/10.1134/s0081543814010040

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scientific article; zbMATH DE number 6165819

zbMATH Keywords

infinite-horizon optimal control Pontryagin maximum principle economic growth unbounded instantaneous utility

Mathematics Subject Classification ID

Existence theories for optimal control problems involving ordinary differential equations (49J15) Optimality conditions for problems involving ordinary differential equations (49K15) Economic growth models (91B62)

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Cited In (13)

Maximum principle for infinite-horizon optimal control problems under weak regularity assumptions
On the boundedness of optimal controls in infinite-horizon problems
Numerical methods for construction of value functions in optimal control problems on an infinite horizon
Problem of optimal endogenous growth with exhaustible resources and possibility of a technological jump
Optimal control in infinite horizon problems: A Sobolev space approach
Adjoint variables and intertemporal prices in infinite-horizon optimal control problems
On Balder's existence theorem for infinite-horizon optimal control problems
Existence of an optimal control in infinite-horizon problems with unbounded set of control constraints
Maximum principle for an optimal control problem with an asymptotic endpoint constraint
Another view of the maximum principle for infinite-horizon optimal control problems in economics
Transversality condition and optimality in a class of infinite horizon continuous time economic models
Optimal transition to greener production in a pro-environmental society
Optimal policies in the Dasgupta-Heal-Solow-Stiglitz model under nonconstant returns to scale

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