On Dynamic Programming with Unbounded Returns

Jorge Durán

No 1997033, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

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; recursive preferences; unbounded returns; contraction mappings; weighted norms (search for similar items in EconPapers)
JEL-codes: C61 (search for similar items in EconPapers)
Pages: 18
Date: 1997-11-01
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Citations: View citations in EconPapers (17)

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Related works:
Journal Article: On dynamic programming with unbounded returns (2000)
Working Paper: On dynamic programming with unbounded returns (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:1997033

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