On The Dynamic Programming Approach To Incentive Constraint Problems
Gozzi, Fausto and Monte, Roberto and Tessitore, M. Elisabetta (2003) On The Dynamic Programming Approach To Incentive Constraint Problems. [Working Paper]. p. 13. Departmental Working Papers (193). (Submitted)
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Abstract/Index
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 suffcient conditions under which the value function associated to such problems satisfies the Dynamic Programming Principle.
| Item Type: | Report / Paper (Working Paper) |
|---|---|
| Research documents and activity classification: | Working Papers > Non-Refereed Working Papers / of national relevance only |
| Divisions: | Department of Business and Management |
| Uncontrolled Keywords: | Incentive compatibility constraints, value function, dynamic programming principle |
| MIUR Scientific Area: | Area 13 - Economics and Statistics > SECS-S/06 Mathematics for Economics, Actuarial Studies and Finance |
| Deposited By: | Maria Teresa Nistico |
| Deposited On: | 01 Dec 2010 18:40 |
| Last Modified: | 19 Apr 2013 22:38 |
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