Perov's Contraction Principle and Dynamic Programming with Stochastic Discounting

Alexis Akira Toda

Papers from arXiv.org

Abstract: This paper shows the usefulness of Perov's contraction principle, which generalizes Banach's contraction principle to a vector-valued metric, for studying dynamic programming problems in which the discount factor can be stochastic. The discounting condition $\beta

Date: 2021-03, Revised 2021-09
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Citations: View citations in EconPapers (1)

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