Elementary results on solutions to the bellman equation of dynamic programming: existence, uniqueness, and convergence
نویسندگان
چکیده
منابع مشابه
Monotone concave operators: An application to the existence and uniqueness of solutions to the Bellman equation∗
We propose a new approach to the issue of existence and uniqueness of solutions to the Bellman equation, exploiting an emerging class of methods, called monotone map methods, pioneered in the work of Krasnosel’skii (1964) and Krasnosel’skii-Zabreiko (1984). The approach is technically simple and intuitive. It is derived from geometric ideas related to the study of fixed points for monotone conc...
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ژورنال
عنوان ژورنال: Economic Theory
سال: 2013
ISSN: 0938-2259,1432-0479
DOI: 10.1007/s00199-013-0789-4