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

In an in_nite horizon optimal control problem, the Hamiltonian vanishes at the in_nite horizon, when the di_erential 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:	2003-06-27
Authors:	Seierstad, Atle
Institutions:	Økonomisk institutt, Universitetet i Oslo
Subject:	keyword infinite horizon \| optimal control

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Extent:	application/pdf
Series:	Memorandum.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Memorandum Number 22/2002 5 pages
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005198076