Do not Blame Bellman: It Is Koopmans' Fault.
We provide a unified approach to stochastic dynamic programming with recursive utility based on an elementary application of Tarski's fixed point theorem. We establish that the exclusive source of multiple values is the presence of multiple recursive utilities consistent with the given aggregator, e...
| Publicado en: | Econometrica Vol. 92; no. 1; pp. 111 - 141 |
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| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Jan2024
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |