Co-state variables correctly value stocks at each instant A proof

Author:

Leonard Daniel

Publisher

Elsevier BV

Subject

Applied Mathematics,Control and Optimization,Economics and Econometrics

Reference7 articles.

1. On the differentiability of the value function in dynamic models of economics;Benveniste;Econometrica,1979

2. Duality theory for dynamic optimization models of economics: The continuous time case;Benveniste;Journal of Economic Theory,1982

3. Optimization in economic theory;Dixit,1978

4. An economic interpretation of the maximum principle;Dorfman;American Economic Review,1969

5. Dynamic optimization;Kamien,1981

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