Economic Characterization of Reciprocal Isoperimetric Control Problems Revisited
Michael Caputo
Journal of Optimization Theory and Applications, 1999, vol. 101, issue 3, No 10, 723-730
Abstract:
Abstract Theorem 2.1 of Caputo (Ref. 1) linking the optimal solution functions and optimal value functions of reciprocal pairs of isoperimetric control problems is correct, but requires stronger assumptions than those used explicitly to establish its veracity. One such set of stronger assumptions is provided in this note.
Keywords: Isoperimetric control problems; comparative dynamics; resource economics; economic interpretations (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1023/A:1021750406667
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