Hostname: page-component-76d6cb85b7-2r2wp Total loading time: 0 Render date: 2026-07-13T16:06:44.476Z Has data issue: false hasContentIssue false

Turnpike in infinite dimension

Published online by Cambridge University Press:  03 June 2021

Paolo Leonetti*
Affiliation:
Department of Statistics, Università Luigi Bocconi, via Roentgen 1, 20136 Milan, Italy
Michele Caprio
Affiliation:
Department of Statistical Science, Duke University, 415 Chapel Drive, Durham, NC 27708-0251, USA e-mail: michele.caprio@duke.edu
Rights & Permissions [Opens in a new window]

Abstract

Let $\Phi $ be a correspondence from a normed vector space X into itself, let $u: X\to \mathbf {R}$ be a function, and let $\mathcal {I}$ be an ideal on $\mathbf {N}$. In addition, assume that the restriction of u on the fixed points of $\Phi $ has a unique maximizer $\eta ^\star $. Then, we consider feasible paths $(x_0,x_1,\ldots )$ with values in X such that $x_{n+1} \in \Phi (x_n)$, for all $n\ge 0$. Under certain additional conditions, we prove the following turnpike result: every feasible path $(x_0,x_1,\ldots )$ which maximizes the smallest $\mathcal {I}$-cluster point of the sequence $(u(x_0),u(x_1),\ldots )$ is necessarily $\mathcal {I}$-convergent to $\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.

Information

Type
Article
Creative Commons
Creative Common License - CCCreative Common License - BY
This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution, and reproduction in any medium, provided the original work is properly cited.
Copyright
© Canadian Mathematical Society 2021