Monotone optimal trajectories

We give weak conditions for a continuous time optimal control problem with one-dimensional state space to have monotone optimal trajectories. These conditions include a concavity condition on the Lagrange function. If that condition is changed to strict concavity, then all optimal trajectories are monotone.

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Year of publication:	2025
Authors:	Jaakkola, Niko ; Wagener, Florian Oskar Ottokar
Publisher:	Amsterdam and Rotterdam : Tinbergen Institute
Subject:	infinite horizon optimal control \| monotone trajectories

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Series:	Tinbergen Institute Discussion Paper ; TI 2025-061/II
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1938354265 [GVK] hdl:10419/331489 [Handle]
Classification:	C02 - Mathematical Methods ; C61 - Optimization Techniques; Programming Models; Dynamic Analysis
Source:	EconStor

Persistent link: https://www.econbiz.de/10015532329