Carnegie Mellon
Department of Mathematical 

Alexander Zaslavski, Technion

"Turnpike properties in the calculus of variation"


The talk is devoted to the recent progress in the turnpike theory. The turnpike properties are well-known in mathematical economics. The term was first coined by Samuelson in 1948 who showed that an efficient expanding economy would spend most of time in the vicinity of a balanced equilibrium path (also called a von Neumann path). We discuss the turnpike propertiesin the calculus of variations which were stiudied in our recent research. The results show that the turnpike properties are a general phenomenon which holds for various classes of variational problems.

THURSDAY, March 20, 2003
Time: 1:30 P.M.
Location: PPB 300