Hopf-Lax formula for variational problems with non-constant discount

DOI10.3934/JGM.2009.1.357MaRDI QIDQ973224zbMATH OpenOpenAlexFDO

Authors Juan Pablo Rincón-Zapatero

Publication date 28 May 2010

Published in Journal of Geometric Mechanics (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/0904.2090

zbMATH Keywords

dynamic programming equationHamilton-Jacobi equationHopf-Lax formulalinear dissipation termnon-constant discountregularity properties

Mathematics Subject Classification ID

Hamilton-Jacobi equations (35F21) Initial value problems for nonlinear first-order PDEs (35F25) Dynamic programming in optimal control and differential games (49L20) Economic growth models (91B62)

Abstract: We provide a Hop-Lax formula for variational problems with non-constant discount and deduce a dynamic programming equation. We also study some regularity properties of the value function.

Cited in

(5)

• The Hopf-Lax formula for multiobjective costs with non-constant discount via set optimization
• Hopf-Lax formulas for semicontinuous data
• Heterogeneous discounting in economic problems
• scientific article; zbMATH DE number 7271748 (Why is no real title available?)
• Non-constant discounting and differential games with random time horizon

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