Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/63014 
Authors: 
Year of Publication: 
2002
Series/Report no.: 
Memorandum No. 2002,22
Publisher: 
University of Oslo, Department of Economics, Oslo
Abstract: 
n an infinite horizon optimal control problem, the Hamiltonian vanishes at the infinite horizon, when the differential equation is autonomous. The integrand in the integral criterion may contain the time explicitly, but it has to satisfy certain integrability conditions. A generalization of Michels (1982) result is obtained.
Subjects: 
keyword infinite horizon
optimal control
JEL: 
C61
Document Type: 
Working Paper

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