Solving dynamic models with inequality constraints poses a challenging problem for two major reasons: dynamic programming techniques are reliable but often slow, whereas Euler equation-based methods ...

The first variational problem, necessary conditions. Euler's equation. Generalization to dependent and independent variables. Constraints and Lagrange multipliers. Application to dynamics and ...

Euler’s identity is an equality found in mathematics that has been compared to a Shakespearean sonnet and described as "the most beautiful equation." It is a special case of a foundational equation in ...