◆ Journal of Mathematical Economics2026-05-16· Optimal control
Monotone optimal trajectories in continuous-time infinite horizon optimal control problems
Niko Jaakkola, Florian Wagener
原始摘要(英文原文)· Original abstract
We give weak conditions for a continuous time optimal control problem with one-dimensional state space to have monotone optimal trajectories. These conditions include a concavity condition on the Lagrange function. If that condition is changed to strict concavity, then all optimal trajectories are monotone.