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Necessary Conditions for Nonsmooth, Infinite-Horizon, Optimal Control Problems

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  • A. Seierstad

    (University of Oslo)

Abstract

Necessary conditions are proved for deterministic nonsmooth optimal control problems involving an infinite horizon and terminal conditions at infinity. The necessary conditions include a complete set of transversality conditions.

Suggested Citation

  • A. Seierstad, 1999. "Necessary Conditions for Nonsmooth, Infinite-Horizon, Optimal Control Problems," Journal of Optimization Theory and Applications, Springer, vol. 103(1), pages 201-229, October.
    • Handle: RePEc:spr:joptap:v:103:y:1999:i:1:d:10.1023_a:1021733719020
    DOI: 10.1023/A:1021733719020
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    References listed on IDEAS

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    1. Seierstad, A., 1996. "Nonsmooth Infinit Horizon Control Problem," Memorandum 1996_033, Oslo University, Department of Economics.
    2. Benveniste, L. M. & Scheinkman, J. A., 1982. "Duality theory for dynamic optimization models of economics: The continuous time case," Journal of Economic Theory, Elsevier, vol. 27(1), pages 1-19, June.
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    Cited by:

    1. Reddy, P.V. & Engwerda, J.C., 2011. "Necessary and Sufficient Conditions for Pareto Optimality in Infinite Horizon Cooperative Differential Games," Other publications TiSEM 4896ece5-2400-45ba-a86f-5, Tilburg University, School of Economics and Management.

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