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

Seierstad, Atle

Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/63014

Title:

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

Authors:

Seierstad, Atle

Year of Publication:

2002

Series/Report no.:

Memorandum No. 2002,22

Publisher:

University of Oslo, Department of Economics, Oslo

Abstract:

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.

Subjects:

keyword infinite horizon
optimal control

JEL:

C61

Document Type:

Working Paper

Appears in Collections:

Memoranda, Department of Economics, University of Oslo

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