A note on dynamic programming with homogeneous functions
Abstract: This note shows that basic theorems of dynamic programming hold when the return function is homogeneous of degree theta <= 1.
File(s): File format is application/pdf http://minneapolisfed.org/research/common/pub_detail.cfm?pb_autonum_id=107
Provider: Federal Reserve Bank of Minneapolis
Part of Series: Discussion Paper / Institute for Empirical Macroeconomics
Publication Date: 1996