Existence of Optimal Nonanticipating Controls in Piecewise Deterministic Control Problems

Abstract Optimal nonanticipating controls are shown to exist in nonautonomous piecewise deterministic control problems with hard terminal restrictions. The assumptions needed are completely analogous to those needed to obtain optimal controls in deterministic control problems. The proof is based on well-known results on existence of deterministic optimal controls.

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Year of publication:	2008-03-01
Authors:	Seierstad, Atle
Institutions:	Økonomisk institutt, Universitetet i Oslo
Subject:	Optimal controls \| terminal restrictions

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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 07/2008 37 pages
Classification:	A00 - General Economics and Teaching. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005652267