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Necessary Conditions for Nonsmooth,Infinite-Horizon,Optimal Control Problems |
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| Authors: | Seierstad A |
| Institution: | (1) Department of Economics, University of Oslo, Oslo, Norway |
| Abstract: | Necessary conditions are proved for deterministic nonsmooth optimal control problems involving an infinite horizon and terminal conditions at infinity. The necessary conditions include a complete set of transversality conditions. |
| Keywords: | Infinite-horizon problems nonsmooth optimal control |
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