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  • 标题:Necessary and Sufficient Conditions for a Solution of the Bellman Equation to be the Value Function: A General Principle
  • 作者:Takashi Kamihigashi ; Cuong Le Van
  • 期刊名称:Documents de Travail du Centre d'Economie de la Sorbonne
  • 印刷版ISSN:1955-611X
  • 出版年度:2015
  • 出版社:Centre d'Economie de la Sorbonne
  • 摘要:In this paper, we give Necessary and Sufficient Conditions for a Solution of the Belman Equation to be the Value Function. This result is a general principle. It requires no structure beyond the common framework of discrete-time stationary optimization problems with time-additive returns. In particular, the state space X is an arbitrary set.
  • 关键词:Dynamic programming; Bellman equation; value function; fixed point
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