A note on dynamic programming with homogeneous functions

This note shows that basic theorems of dynamic programming hold when the return function is homogeneous of degree theta <= 1.

Year of publication:	1996
Authors:	Stokey, Nancy L.
Institutions:	Federal Reserve Bank of Minneapolis
Subject:	Programming (Mathematics) \| Econometrics

Extent:	application/pdf
Series:	Discussion Paper / Institute for Empirical Macroeconomics.
Type of publication:	Book / Working Paper
Notes:	Number 109
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005712963