Turnpike Properties in the Calculus of Variations and Optimal Control

This book is devoted to the recent progress on the turnpike theory. The turnpike property was discovered by Paul A. Samuelson, who applied it to problems in mathematical economics in 1949. These properties were studied for optimal trajectories of models of economic dynamics determined by convex proc...

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Bibliographic Details
Corporate Author: SpringerLink (Online service)
Format: Electronic eBook
Language:English
Published: Boston, MA : Springer US, 2006.
Series:Nonconvex Optimization and Its Applications, 80
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