Title of article
Symmetry and optimal control in economics
Author/Authors
Philippe Askenazy، نويسنده ,
Issue Information
دوهفته نامه با شماره پیاپی سال 2003
Pages
11
From page
603
To page
613
Abstract
This paper provides a new simple version of Noether’s theorem. From symmetries of dynamic
optimal programs, this theorem gives invariant quantities along optimal paths. It is suited to optimal
control programs especially for economic models. Applications in growth economics are given.
2003 Elsevier Inc. All rights reserved.
Keywords
Conservation laws , Noether’s theorem , Maximum principle , Economic growth models
Journal title
Journal of Mathematical Analysis and Applications
Serial Year
2003
Journal title
Journal of Mathematical Analysis and Applications
Record number
930629
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