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A New Proof Of The Maximum Principle

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  • Ngo Van Long
  • Koji Shimomura

Abstract

We offer a new proof of the maximum principle, by using the envelope theorem that is frequently used in the standard microeconomic theory. Copyright Springer-Verlag Berlin Heidelberg 2003
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Ngo Van Long & Koji Shimomura, 2002. "A New Proof Of The Maximum Principle," CIRANO Working Papers 2002s-04, CIRANO.
    • Handle: RePEc:cir:cirwor:2002s-04
    as

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    File URL: https://cirano.qc.ca/files/publications/2002s-04.pdf
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    References listed on IDEAS

    as
    1. Léonard,Daniel & Long,Ngo van, 1992. "Optimal Control Theory and Static Optimization in Economics," Cambridge Books, Cambridge University Press, number 9780521331586.
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    Cited by:

    1. Caliendo Frank N. & Guo Nick L., 2014. "Optimal Control Problems with State Specific Jumps in the State Equation," Mathematical Economics Letters, De Gruyter, vol. 1(2-4), pages 1-8, July.

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    More about this item

    Keywords

    Maximum Principle; Envelope Theorem; Principe de Maximum; Théorème de l'Enveloppe;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis

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