Notes on Optimal Control Theory for the Neoclassical Model of Growth
نویسنده
چکیده
The notes derive the salient features of optimal control theory for an infinite horizon objective function. For concreteness, the necessary and sufficient conditions are derived with reference to the neoclassical model of growth. However, the ideas easily extend to other economic problems. The need for the exercise arises from the lack of a single source which students can access for a development of the subject from first principles. NOTES ON OPTIMAL CONTROL THEORY FOR THE NEOCLASSICAL MODEL OF GROWTH by Dipankar Dasgupta
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