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

DOI10.3934/JGM.2009.1.357zbMATH Open1191.35101arXiv0904.2090OpenAlexW2073894693MaRDI QIDQ973224FDOQ973224

Authors: Juan Pablo Rincón-Zapatero 

Publication date: 28 May 2010

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

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.

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

zbMATH Keywords

dynamic programming equationHamilton-Jacobi equationHopf-Lax formularegularity propertieslinear dissipation termnon-constant discount

Mathematics Subject Classification ID

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

Cited In (5)

• The Hopf-Lax formula for multiobjective costs with non-constant discount via set optimization
• Heterogeneous discounting in economic problems
• Non-constant discounting and differential games with random time horizon
• Hopf-Lax formulas for semicontinuous data
• Title not available (Why is that?)

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