Undergraduate Math Club
Monday, March 18, 2019 - 5:15pm
Malott 532
Abstract: The theory of optimal control provides methods to solve dynamic optimization problems in discrete and continuous time. Somewhat surprisingly, there are similarities between continuous-time control problems and static problems that arise in the study of optimal nonlinear income taxation. I will provide an introduction to continuous-time control problems and the classic solution method, Pontryagin’s Maximum Principle, and demonstrate an application of this method to optimal taxation.
Poster for Todd Lensman →