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]. CEIS, Roma. p. 13. CEIS Working Papers "Old Series" (193). (Submitted)

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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-P/06 Applied Economics
Deposited by: Maria Teresa Nisticò
Date Deposited: 01 Dec 2010 17:40
Last Modified: 21 Apr 2015 23:13
URI: http://eprints.luiss.it/id/eprint/765


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