Optimal control of investments in old and new capital under improving technology

DOI10.1007/s10957-016-1022-yzbMath1422.91652OpenAlexW2533477348MaRDI QIDQ511974

Yuri Yatsenko, Natali Hritonenko, Nobuyuki Kato

Publication date: 23 February 2017

Published in: Journal of Optimization Theory and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10957-016-1022-y

zbMATH Keywords

nonlinear optimal controlexistence theoremtechnological changebang-bang solutionconstant elasticity of substitutionbalanced growth

Mathematics Subject Classification ID

Existence of optimal solutions belonging to restricted classes (Lipschitz controls, bang-bang controls, etc.) (49J30) Portfolio theory (91G10)

Related Items (8)

Generalized functions in the qualitative study of heterogeneous populations ⋮ Practical exponential stability of stochastic age-dependent capital system with Lévy noise ⋮ Existence of measure-valued solutions in optimal control of age-structured populations ⋮ Optimization problem for the integral model of developing systems ⋮ Impulse controls in optimal harvesting of age-structured populations ⋮ Optimal harvesting in age- and size-structured population models ⋮ Dirac delta-function in optimal control of age-structured populations ⋮ Optimal control of viscous Burgers equation via an adaptive nonmonotone Barzilai–Borwein gradient method

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