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arXiv · 1801.03637

A current value Hamiltonian Approach for Discrete time Optimal Control Problems arising in Economic Growth

Rehana Naz
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Abstract

Pontrygin-type maximum principle is extended for the present value Hamiltonian systems and current value Hamiltonian systems of nonlinear difference equations for uniform time step $h$. A new method termed as a discrete time current value Hamiltonian method is established for the construction of first integrals for current value Hamiltonian systems of ordinary difference equations arising in Economic growth theory.

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Rehana Naz. 2018-01-11. A current value Hamiltonian Approach for Discrete time Optimal Control Problems arising in Economic Growth. https://doi.org/10.1080/10236198.2021.2023137

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