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A note on dynamic programming with homogeneous functions

Author

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  • Nancy L. Stokey

Abstract

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

Suggested Citation

  • Nancy L. Stokey, 1996. "A note on dynamic programming with homogeneous functions," Discussion Paper / Institute for Empirical Macroeconomics 109, Federal Reserve Bank of Minneapolis.
  • Handle: RePEc:fip:fedmem:109
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    References listed on IDEAS

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    Keywords

    Programming (Mathematics) ; Econometrics;

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