GENERAL VIEW OF THE CRITERION FUNCTIONAL IN BELLMAN MODELS OF ECONOMIC DYNAMICS
Table of contents
Share
Metrics
GENERAL VIEW OF THE CRITERION FUNCTIONAL IN BELLMAN MODELS OF ECONOMIC DYNAMICS
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Authors
Vitaly Belenky 
Edition
Pages
121-126
Abstract
An expression describing the General form of the criterion functional for a class of dynamic, time-homogeneous recursive models, called Bellman models, is given. It follows that when constructing models of economic development for this class, there are no other criteria other than the terminal criterion, the integral discount criterion, and the Maximin Rawls criterion.
Date of publication
01.07.2007
Number of purchasers
0
Views
97
Readers community rating
0.0 (0 votes)
Cite Download pdf

To download PDF you should sign in

1

References



Additional sources and materials

Belen'kij V.Z., Frenkin B.R. (2006): Reshenie funktsional'nogo uravneniya dlya simmetrichnoj rekursivnoj funktsii. V sb. “Analiz i modelirovanie ehkonomicheskikh protsessov”. Vyp. № 3. M.: TsEhMI RAN.

Belen'kij V.Z. (2001): Optimal'noe upravlenie: printsip maksimuma i dinamicheskoe programmirovanie. M.: TsEhMI RAN-REhSh.

Nikajdo X. (1972): Vypuklye struktury i matematicheskaya ehkonomika. M.: Mir.

Belen'kij V.Z., Arushanyan I.I. (1993): Model' perekhoda k novoj tekhnologii pri normativnom roste potrebleniya // Ehkonomika i mat. metody. T. 29. Vyp. 4.

Klejner G.B. (1986): Proizvodstvennye funktsii. M.: Fin. i stat.

Atsel Ya., Dombr Zh. (2003): Funktsional'nye uravneniya s neskol'kimi peremennymi. M.: Fizmatlit.