Dynamic programming with homogeneous functions

成果类型:
Article
署名作者:
Alvarez, F; Stokey, NL
署名单位:
University of Chicago
刊物名称:
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN:
0022-0531
DOI:
10.1006/jeth.1998.2431
发表日期:
1998
页码:
167-189
关键词:
摘要:
We show that the basic existence, uniqueness, and convergence results of dynamic programming hold when the return function is homogeneous of degree 0 less than or equal to 1 and the constraints are homogeneous of degree one. (C) 1998 Academic Press.
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