Necessary conditions for infinite horizon optimal control problems with state constraints
Résumé
Partial and full sensitivity relations are obtained for nonauto-nomous optimal control problems with infinite horizon subject to state constraints , assuming the associated value function to be locally Lipschitz in the state. Sufficient structural conditions are given to ensure such a Lipschitz regularity in presence of a positive discount factor, as it is typical of macroeconomics models.
Origine : Fichiers produits par l'(les) auteur(s)
Loading...