This article presents and discusses necessary conditions of optimality for infinite horizon dynamic optimization problems with inequality state constraints and set inclusion constraints at both endpoints of the trajectory. ...

This article presents and discusses necessary conditions of optimality for infinite horizon dynamic optimization problems with inequality state constraints and set inclusion constraints at both endpoints of the trajectory. ...

This article presents and discusses a maximum principle for infinite horizon constrained optimal control problems with a cost functional depending on the state at the final time. The main feature of these optimality ...

This article presents and discusses a maximum principle for infinite horizon constrained optimal control problems with a cost functional depending on the state at the final time. The main feature of these optimality ...

Necessary conditions of optimality in the form of a maximum principle are derived for state constrained optimal control problems with infinite horizon. A notable feature of our optimality conditions is the derivation of ...

This work is devoted to introduce a new sufficient optimality condition for infinite horizon optimal control problems. It is shown that normal extremal processes are optimal under this new condition, termed as maximum-pr ...

Necessary conditions of optimality in the form of a maximum principle are derived for state constrained optimal control problems with infinite horizon. A notable feature of our optimality conditions is the derivation of ...

In this paper we address existence of equilibria in an incomplete markets economy with countably many periods and a continuum of states at each node of the infinite tree. We consider two models: one where agents have to ...