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An abstract topological approach to dynamic programming
- Source :
- The Journal of Mathematical Economics. Jan, 1992, Vol. 21 Issue 1, p59, 30 p.
- Publication Year :
- 1992
-
Abstract
- The traditional approach to the mathematical theory of dynamic programming incorporates an abstract contraction property known as Lipschitz condition. Biconvergence is a suggested alternative approach that embodies an abstract topological condition on both the utility function and the intertemporal production correspondence. Biconvergence is easier to test, and results are less difficult to interpret.
Details
- ISSN :
- 03044068
- Volume :
- 21
- Issue :
- 1
- Database :
- Gale General OneFile
- Journal :
- The Journal of Mathematical Economics
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.12139617