Discounting long run average growth in stochastic dynamic programs

DOI10.1007/S00199-002-0316-5MaRDI QIDQ1408952zbMATH OpenOpenAlexFDO

Authors Jorge Durán

Publication date 28 September 2003

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-002-0316-5

zbMATH Keywords

Contraction mappingsDominated convergenceDynamic programmingNon additive recursive functionsWeighted norms

Mathematics Subject Classification ID

Stochastic programming (90C15) Dynamic programming (90C39)

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Cited in

(17)

• Low discounting and the upper long-run average value in dynamic programming
• Convex dynamic programming with (bounded) recursive utility
• Stochastic optimal growth model with risk sensitive preferences
• Generalised discounting in dynamic programming with unbounded returns
• Unique solutions for stochastic recursive utilities
• Existence and uniqueness of recursive utilities without boundedness
• Regime switching optimal growth model with risk sensitive preferences
• Equilibria in altruistic economic growth models
• Stochastic dynamic programming with non-linear discounting
• Recursive utility and optimal growth with bounded or unbounded returns
• On discounted dynamic programming with unbounded returns
• Stochastic optimal growth with bounded or unbounded utility and with bounded or unbounded shocks
• An approximation approach to dynamic programming with unbounded returns
• Discounted dynamic programming with unbounded returns: application to economic models
• Do not blame Bellman: it is Koopmans' fault
• Stochastic games with unbounded payoffs: applications to robust control in economics
• Unbounded Markov dynamic programming with weighted supremum norm Perov contractions

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