Existence of Optimal Nonanticipating Controls in Piecewise Deterministic Control Problems
AbstractAbstract Optimal nonanticipating controls are shown to exist in nonautonomous piecewise deterministic control problems with hard terminal restrictions. The assumptions needed are completely analogous to those needed to obtain optimal controls in deterministic control problems. The proof is based on well-known results on existence of deterministic optimal controls.
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Bibliographic InfoPaper provided by Oslo University, Department of Economics in its series Memorandum with number 07/2008.
Length: 37 pages
Date of creation: 01 Mar 2008
Date of revision:
Contact details of provider:
Postal: Department of Economics, University of Oslo, P.O Box 1095 Blindern, N-0317 Oslo, Norway
Phone: 22 85 51 27
Fax: 22 85 50 35
Web page: http://www.oekonomi.uio.no/indexe.html
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Optimal controls; terminal restrictions;
Find related papers by JEL classification:
- A00 - General Economics and Teaching - - General - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-01-31 (All new papers)
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