Stability and Genericity Results

Alexander J. Zaslavski

Chapter Chapter 9 in Turnpike Phenomenon in Metric Spaces, 2023, pp 297-354 from Springer

Abstract: Abstract In this chapter we continue to study the turnpike phenomenon for the continuous-time optimal control problems on subintervals of half-axis in metric spaces which are discussed in Chap. 8 . For these optimal control problems the turnpike is not a singleton. We show that the turnpike phenomenon is stable under small perturbations of an objective function. Using the Baire category approach we show that for some classes of problems a typical (generic) problem has a turnpike property.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spochp:978-3-031-27208-0_9

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DOI: 10.1007/978-3-031-27208-0_9

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