On dynamic programming with unbounded returns

Jorge Durán

Economic Theory, 2000, vol. 15, issue 2, 339-352

Abstract: Some economic models like those of endogenous growth motivate the analysis of a class of recursive models sharing the property that the return function is not bounded along feasible paths. We consider a strategy of proof which allows to deal with many unbounded recursive models exploiting bounds to the rates of growth rather than to the levels.

Keywords: Dynamic programming; Unbounded returns; Non additive objective. (search for similar items in EconPapers)
Date: 2000-02-21
Note: Received: December 15, 1997; revised version: April 23, 1999
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Citations: View citations in EconPapers (14)

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Working Paper: On dynamic programming with unbounded returns (1997)
Working Paper: On Dynamic Programming with Unbounded Returns (1997)
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