Discussion Paper

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.

Keywords: Programming (Mathematics); Econometrics;

Access Documents

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Minneapolis

Part of Series: Discussion Paper / Institute for Empirical Macroeconomics

Publication Date: 1996

Number: 109