Mathematics for Economists

(Greg DeLong) #1

Optimal control, Bolza problem


The adjoint equation with the transversality condition

p = H^0
x=


fx^0 +φ^00 g+φ^0 gx^0 +pgx^0




=


=





fx^0 +φ^00 x+epgx^0




,p(T)= 0
Free download pdf