Conditions implying the vanishing of the Hamiltonian at infinity in optimal control problems |
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Authors: | Atle Seierstad Knut Sydsæter |
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Affiliation: | (1) Department of Economics, University of Oslo, Blindern, 1095, 0317 Oslo, Norway |
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Abstract: | In an infinite horizon optimal control problem the Hamiltonian vanishes at infinity when the differential equation is autonomous and the integrand in the criterion satisfies some weak integrability conditions. A generalization of Michel’s result (in Econometrica 50:975–985, 1982) is obtained. |
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Keywords: | Optimal control Infinite horizon |
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