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- W2044960041 abstract "This paper extends existence results for finite and infinite horizon control problems to ‘unbounded horizon’ problems where both finite and infinite terminal times are feasible and there are non-trivial payoff implications (in particular, because of a non-zero terminal valuation) in making this choice. The classical approach used in the paper leads to simple and fairly intuitive conditions for existence involving direct assumptions about the objective function, state dynamics, and control constraints which are accessible to applied users of control techniques. In addition, the results are proved under fairly weak concavity assumptions and thus have potential applicability to ‘increasing returns’ problems." @default.
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- W2044960041 title "Optimal control with an unbounded horizon" @default.
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- W2044960041 doi "https://doi.org/10.1016/0165-1889(85)90009-0" @default.
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