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Conditions implying the vanishing of the Hamiltonian at infinity in optimal control problems
Authors:Atle Seierstad  Knut Sydsæter
Affiliation:(1) Department of Economics, University of Oslo, Blindern, 1095, 0317 Oslo, Norway
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.
Keywords:Optimal control  Infinite horizon
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