Optimal Control Problems Arising in Mathematical Economics

Author: Baturi | 02 July 2022 |

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Optimal Control Problems Arising in Mathematical Economics
English | 2022 | ISBN: 9811692971 | 389 Pages | PDF EPUB (True) | 22 MB
This book is devoted to the study of two large classes of discrete-time optimal control problems arising in mathematical economics. Nonautonomous optimal control problems of the first class are determined by a sequence of objective functions and sequence of constraint maps. They correspond to a general model of economic growth. We are interested in turnpike properties of approximate solutions and in the stability of the turnpike phenomenon under small perturbations of objective functions and constraint maps. The second class of autonomous optimal control problems corresponds to another general class of models of economic dynamics which includes the Robinson-Solow-Srinivasan model as a particular case.

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