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Pontryagin’s Principle of Optimality

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The New Palgrave Dictionary of Economics

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Abstract

The meaning of the word ‘economics’ is closely related with that of ‘optimality’. It is for this reason that methods used in the theory of optimal control find their natural practical application in economics.

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Bibliography

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Authors and Affiliations

  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    M. I. Zelikin

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  1. M. I. Zelikin
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Zelikin, M.I. (2018). Pontryagin’s Principle of Optimality. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1339

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