Existence and Uniqueness of Solutions to the Bellman Equation in the Unbounded Case.

We study the problem of the existence and uniqueness of solutions to the Bellman equation in the presence of unbounded returns. We introduce a new approach based both on consideration of a metric on the space of all continuous functions over the state space, and on the application of some metric fix...

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Detalles Bibliográficos

Publicado en:	Econometrica Vol. 71; no. 5; pp. 1519 - 1556
Autores principales:	Rincón-Zapatero, Juan Pablo, Rodríguez-Palmero, Carlos
Formato:	Artículo
Publicado:	Wiley-Blackwell September 2003
Materias:	Dynamic programming Nonlinear programming
Acceso en línea:	Ver este registro en EBSCOhost