Abstract
In this paper, we study an infinite horizon optimal control problem arising in economic dynamics. We establish convergence of approximate solutions to the golden-rule stock (turnpike) and show the existence of overtaking optimal solutions.
Citation
Alexander J. Zaslavski. "Existence and structure of solutions for an infinite horizon optimal control problem arising in economic dynamics." Adv. Differential Equations 14 (5/6) 477 - 496, May/June 2009. https://doi.org/10.57262/ade/1355867257
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