Value functions and optimality conditions for nonconvex variational problems with an infinite horizon in Banach spaces
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Publication:5076702
maximum principleinfinite horizonGelfand integralDini-Hadamard subdifferentialdifferentiability of the value functionEuler-Lagrange conditionspatial Ramsey growth model
Dynamic programming (90C39) Nonsmooth analysis (49J52) Ordinary differential inclusions (34A60) Set-valued and variational analysis (49J53) Optimality conditions for problems involving ordinary differential equations (49K15) Existence theories for problems in abstract spaces (49J27) Fréchet and Gateaux differentiability in optimization (49J50)
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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