On the Problem of Optimal Stimulation of Demand

We study the problem of optimal stimulation of demand based on a controlled version of Kaldor’s business cycle model. Using the approximation method, we prove a version of Pontryagin’s maximum principle in normal form containing an additional pointwise condition on the adjoint variable. The results obtained develop and strengthen the previous results in this direction.

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Publication Details

Journal
Proceedings of the Steklov Institute of Mathematics
Published
2024-08-01
DOI
https://doi.org/10.1134/s0081543824030039
Primary Topic
Economic theories and models
Type
article
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article

On the Problem of Optimal Stimulation of Demand

S. P. Samsonov, A. S. Aseev
Proceedings of the Steklov Institute of Mathematics
Economic theories and models
article

On the Problem of Optimal Stimulation of Demand

S. P. Samsonov, A. S. Aseev
article en

Abstract

We study the problem of optimal stimulation of demand based on a controlled version of Kaldor’s business cycle model. Using the approximation method, we prove a version of Pontryagin’s maximum principle in normal form containing an additional pointwise condition on the adjoint variable. The results obtained develop and strengthen the previous results in this direction.

Proceedings of the Steklov Institute of MathematicsVol. 325(S1)
Lomonosov Moscow State University (RU)
Openalex Percentile: Top 83%
Economic theories and models
DOISourceOpenAlex
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On the Problem of Optimal Stimulation of Demand — S. P. Samsonov, A. S. Aseev · Proceedings of the Steklov Institute of Mathematics (2024) | TGRS Research Map | TGRS