Abstract
In this note, we discuss the properties of solutions to the Bellman's equation of the overtaking criterion and also prove that the optimal trajectory can be represented by a continuous dynamical system.
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Communicated by W. Stadler
The authors thank P. Michel for helpful suggestions.
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Dana, R.A., Le Van, C. On the bellman equation of the overtaking criterion. J Optim Theory Appl 67, 587–600 (1990). https://doi.org/10.1007/BF00939651
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DOI: https://doi.org/10.1007/BF00939651