In this paper we study a class of infinite horizon optimal control problems with incentive constraints in the discrete time case. More specifically, we establish sufficient conditions under which the value function associated to such problems satisfies the Dynamic Programming Principle
Gozzi, F., Tessitore, M.e., Monte, R. (2005). On the dynamic programming approach to incentive constraint problems.
On the dynamic programming approach to incentive constraint problems
TESSITORE, MARIA ELISABETTA;MONTE, ROBERTO
2005-08-05
Abstract
In this paper we study a class of infinite horizon optimal control problems with incentive constraints in the discrete time case. More specifically, we establish sufficient conditions under which the value function associated to such problems satisfies the Dynamic Programming PrincipleFile in questo prodotto:
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