Stochastic optimal policies when the discount rate vanishes

DOI10.1016/j.jedc.2006.05.011zbMath1201.91128MaRDI QIDQ1017044

John Stachurski, Kazuo Nishimura

Publication date: 18 May 2009

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/2433/129531

zbMATH Keywords

dynamic programming; long-run optimality

Mathematics Subject Classification ID

49L20: Dynamic programming in optimal control and differential games

91B62: Economic growth models

93E20: Optimal stochastic control

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