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Dynamic programming 1 Non additive objective 1 Unbounded returns 1
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DurÂn, Jorge 1
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On dynamic programming with unbounded returns
DurÂn, Jorge - In: Economic Theory 15 (2000) 2, pp. 339-352
Some economic models like those of endogenous growth motivate the analysis of a class of recursive models sharing the property that the return function is not bounded along feasible paths. We consider a strategy of proof which allows to deal with many unbounded recursive models exploiting bounds...
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