Abstract
In this paper we establish the existence of good solutions for a large class of infinite horizon discrete-time optimal control problems. This class contains optimal control problems arising in economic dynamics which describe a model proposed by Robinson, Solow and Srinivasan with nonconcave utility functions representing the preferences of the planner.
Citation
Alexander J. Zaslavski. "GOOD SOLUTIONS FOR A CLASS OF INFINITE HORIZON DISCRETE-TIME OPTIMAL CONTROL PROBLEMS." Taiwanese J. Math. 13 (6A) 1637 - 1669, 2009. https://doi.org/10.11650/twjm/1500405607
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