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Infinite Horizon Problems

In: Turnpike Phenomenon and Infinite Horizon Optimal Control

Author

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  • Alexander J. Zaslavski

    (Technion - Israel Institute of Technology)

Abstract

In this chapter we establish the existence of solutions for classes of nonconvex (nonconcave) infinite horizon discrete-time optimal control problems. These classes contain optimal control problems arising in economic dynamics which describe general one-sector and two-sector models with nonconcave utility functions representing the preferences of the planner.

Suggested Citation

  • Alexander J. Zaslavski, 2014. "Infinite Horizon Problems," Springer Optimization and Its Applications, in: Turnpike Phenomenon and Infinite Horizon Optimal Control, edition 127, chapter 0, pages 221-337, Springer.
    • Handle: RePEc:spr:spochp:978-3-319-08828-0_4
    DOI: 10.1007/978-3-319-08828-0_4
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    Cited by:

    1. Bernhard Skritek & Jesus Crespo Cuaresma & Arkadii V. Kryazhimskii & Klaus Prettner & Alexia Prskawetz & Elena Rovenskaya, 2015. "Revisiting the Lucas Model," Department of Economics Working Papers wuwp208, Vienna University of Economics and Business, Department of Economics.

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