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...
| Publicado en: | Econometrica Vol. 71; no. 5; pp. 1519 - 1556 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
September 2003
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| Acceso en línea: | Ver este registro en EBSCOhost |