English

Turnpike in infinite dimension

Functional Analysis 2021-07-01 v2 Dynamical Systems

Abstract

Let Φ\Phi be a correspondence from a normed vector space XX into itself, let u:XRu: X\to \mathbf{R} be a function, and I\mathcal{I} be an ideal on N\mathbf{N}. Also, assume that the restriction of uu on the fixed points of Φ\Phi has a unique maximizer η\eta^\star. Then, we consider feasible paths (x0,x1,)(x_0,x_1,\ldots) with values in XX such that xn+1Φ(xn)x_{n+1} \in \Phi(x_n) for all n0n\ge 0. Under certain additional conditions, we prove the following turnpike result: every feasible path (x0,x1,)(x_0,x_1,\ldots) which maximizes the smallest I\mathcal{I}-cluster point of the sequence (u(x0),u(x1),)(u(x_0),u(x_1),\ldots) is necessarily I\mathcal{I}-convergent to η\eta^\star. We provide examples that, on the one hand, justify the hypotheses of our result and, on the other hand, prove that we are including new cases which were previously not considered in the related literature.

Cite

@article{arxiv.2012.06808,
  title  = {Turnpike in infinite dimension},
  author = {Paolo Leonetti and Michele Caprio},
  journal= {arXiv preprint arXiv:2012.06808},
  year   = {2021}
}

Comments

Example 2.6 has been added

R2 v1 2026-06-23T20:55:16.409Z