From Frank Ramsey to René Thom: a classical problem in the calculus of variations leading to an implicit differential equation

DOI10.3934/DCDS.2010.28.1101MaRDI QIDQ983477zbMATH OpenOpenAlexFDO

Authors Ivar Ekeland

Publication date 23 July 2010

Published in Discrete and Continuous Dynamical Systems (Search for Journal in Brave)

Full work available at URL https://doi.org/10.3934/dcds.2010.28.1101

zbMATH Keywords

calculus of variationsHamilton-Jacobi equationinfinite horizontime-inconsistencyRamsey problem

Mathematics Subject Classification ID

Utility theory (91B16) Existence theories for optimal control problems involving ordinary differential equations (49J15) Viscosity solutions to Hamilton-Jacobi equations in optimal control and differential games (49L25) Economic growth models (91B62)

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(7)

• A stochastic linear-quadratic differential game with time-inconsistency
• Existence of the optimum in Shallow Lake type models with hysteresis effect
• Ramsey's discrete-time growth model: a Markov decision approach with stochastic labor
• Existence of solutions to shallow lake type optimal control problems
• A new class of problems in the calculus of variations
• Rational expectations equilibria in a Ramsey model of optimal growth with non-local spatial externalities
• Spatial growth theory: optimality and spatial heterogeneity

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