Conditions implying the vanishing of the Hamiltonian at the infinite horizon in optimal control problems

n an infinite horizon optimal control problem, the Hamiltonian vanishes at the infinite horizon, when the differential equation is autonomous. The integrand in the integral criterion may contain the time explicitly, but it has to satisfy certain integrability conditions. A generalization of Michels (1982) result is obtained.

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Year of publication:	2002
Authors:	Seierstad, Atle
Publisher:	Oslo : University of Oslo, Department of Economics
Subject:	Kontrolltheorie \| Theorie \| keyword infinite horizon \| optimal control

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Series:	Memorandum ; 2002,22
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	35482449X [GVK] hdl:10419/63014 [Handle]
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis
Source:	EconStor

Persistent link: https://www.econbiz.de/10010284302