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Optimality in Infinite Horizon Variational Problems With Holonomic Constraints

Author

Listed:
  • Cartigny, P.
  • Blot, J.

Abstract

We consider infinite horizon variational problems on different spaces of curves in presence of constraints on the state. We establish several necessary conditions of optimality, and give relations between these different problems.

Suggested Citation

  • Cartigny, P. & Blot, J., 1997. "Optimality in Infinite Horizon Variational Problems With Holonomic Constraints," G.R.E.Q.A.M. 97a19, Universite Aix-Marseille III.
    • Handle: RePEc:fth:aixmeq:97a19
    as

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    Keywords

    BUSINESS CYCLES ; GROWTH MODELS;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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