This article is cited in 2 papers

Economic behavior and method of dynamical programming on infinite time interval

S. V. Chukanov

Dorodnitsyn Computing Centre of the Russian Academy of Sciences

Abstract: An optimal control problem with infinite time horizon, widely arising in economic dynamical models, is considered. Some properties of the Bellman equation are investigated, and the method of monotonic operators for solving this equation is analyzed.

Received: 17.12.2001

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