Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63014
Authors: 
Seierstad, Atle
Year of Publication: 
2002
Series/Report no.: 
Memorandum, Department of Economics, University of Oslo 2002,22
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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