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Turnpike Results for a Class of Discrete-Time Optimal Control Problems Arising in Economic Dynamics

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Abstract

In this paper we establish turnpike results for a class of discrete-time optimal control problems. These control problems arise in economic dynamics and describe a nonstationary model proposed by Robinson, Solow and Srinivasan. We study the structure of approximate solutions which is independent of the length of the interval, for all sufficiently large intervals.

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  1. Department of Mathematics, The Technion-Israel Institute of Technology, 32000, Haifa, Israel

    Alexander J. Zaslavski

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  1. Alexander J. Zaslavski
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Correspondence to Alexander J. Zaslavski.

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Zaslavski, A.J. Turnpike Results for a Class of Discrete-Time Optimal Control Problems Arising in Economic Dynamics. Set-Valued Anal 17, 285–318 (2009). https://doi.org/10.1007/s11228-009-0118-z

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