|Title||A TURNPIKE PROPERTY OF APPROXIMATE SOLUTIONS OF AN OPTIMAL CONTROL PROBLEM ARISING IN ECONOMIC DYNAMICS|
|Publication Type||Journal Article|
|Year of Publication||2011|
|Journal||Dynamic Systems and Applications|
|AMS Subject Classification||49J99|
We study the structure of approximate solutions for a class of continuous-time optimal control problems. These optimal control problems arise in economic dynamics and describe a model proposed by Robinson, Solow and Srinivasan. We are interested in turnpike properties of the approximate solutions which are independent of the length of the interval, for all sufficiently large intervals.