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A note on dynamic programming with homogeneous functions

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Author Info

  • Nancy L. Stokey

Abstract

This note shows that basic theorems of dynamic programming hold when the return function is homogeneous of degree theta

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Bibliographic Info

Paper provided by Federal Reserve Bank of Minneapolis in its series Discussion Paper / Institute for Empirical Macroeconomics with number 109.

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Date of creation: 1996
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Handle: RePEc:fip:fedmem:109

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Keywords: Programming (Mathematics) ; Econometrics;

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