Necessary and Sufficient Conditions for Optimal Control Problems with Linear State, Semicontinuous Lagrangians

9 Pages Posted: 14 Feb 2014

See all articles by David Martimort

David Martimort

Paris School of Economics (PSE)

Lars Stole

University of Chicago - Booth School of Business

Date Written: January 24, 2014

Abstract

We present a set of necessary and sufficient conditions for a class of optimal control problems with pure state constraints for which the objective function is linear in the state variable but the objective function is otherwise only restricted to be upper semi-continuous in the control variable.

Keywords: optimal control, non-smooth optimization, convex analysis

JEL Classification: C70, D82

Suggested Citation

Martimort, David and Stole, Lars A., Necessary and Sufficient Conditions for Optimal Control Problems with Linear State, Semicontinuous Lagrangians (January 24, 2014). Available at SSRN: https://ssrn.com/abstract=2396043 or http://dx.doi.org/10.2139/ssrn.2396043

David Martimort

Paris School of Economics (PSE) ( email )

48 Boulevard Jourdan
Paris, 75014 75014
France

Lars A. Stole (Contact Author)

University of Chicago - Booth School of Business ( email )

5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
773-702-7309 (Phone)
773-702-0458 (Fax)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
103
Abstract Views
795
rank
269,758
PlumX Metrics