Value functions and optimality conditions for nonconvex variational problems with an infinite horizon in Banach spaces
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differentiability of the value functionDini-Hadamard subdifferentialEuler-Lagrange conditionGelfand integralinfinite horizonmaximum principlespatial Ramsey growth model
Ordinary differential inclusions (34A60) Existence theories for problems in abstract spaces (49J27) Fréchet and Gateaux differentiability in optimization (49J50) Nonsmooth analysis (49J52) Set-valued and variational analysis (49J53) Optimality conditions for problems involving ordinary differential equations (49K15) Dynamic programming (90C39)
Abstract: We investigate the value function of an infinite horizon variational problem in the infinite-dimensional setting. Firstly, we provide an upper estimate of its Dini--Hadamard subdifferential in terms of the Clarke subdifferential of the Lipschitz continuous integrand and the Clarke normal cone to the graph of the set-valued mapping describing dynamics. Secondly, we derive a necessary condition for optimality in the form of an adjoint inclusion that grasps a connection between the Euler--Lagrange condition and the maximum principle.
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