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Bellman equation
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Dynamic inconsistency
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Indeterminacy
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Overlapping generations model
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Self-consistent policy functions
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Two-sided altruism
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Aoki, Takaaki
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Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
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Some Mathematical Properties of the Dynamically Inconsistent Bellman Equation: A Note on the Two-sided Altruism Dynamics
Aoki, Takaaki
-
Volkswirtschaftliche Fakultät, …
-
2013
, and that there can locally exist an infinite number of
self-consistent
policy
functions
with distinct steady states … (indeterminacy of
self-consistent
policy
functions
). …
Persistent link: https://ebvufind01.dmz1.zbw.eu/10011111557
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