Stochastic optimal policies when the discount rate vanishes
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Publication:1017044
DOI10.1016/j.jedc.2006.05.011zbMath1201.91128OpenAlexW2168616242MaRDI 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
Dynamic programming in optimal control and differential games (49L20) Economic growth models (91B62) Optimal stochastic control (93E20)
Related Items (5)
Sustainable social choice under risk ⋮ Constrained Markov decision processes in Borel spaces: from discounted to average optimality ⋮ On the vanishing discount factor approach for Markov decision processes with weakly continuous transition probabilities ⋮ The vanishing discount approach to constrained continuous-time controlled Markov chains ⋮ Zero-sum ergodic semi-Markov games with weakly continuous transition probabilities
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