An envelope theorem and some applications to discounted Markov decision processes
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Publication:2483011
DOI10.1007/s00186-007-0155-zzbMath1149.90171OpenAlexW1970161453WikidataQ126267740 ScholiaQ126267740MaRDI QIDQ2483011
Raúl Montes-De-oca, Hugo Cruz-Suárez
Publication date: 5 May 2008
Published in: Mathematical Methods of Operations Research (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1007/s00186-007-0155-z
economic growth modeldifferentiablity of the optimal policydifferentiablity of the optimal value function
Related Items (7)
A version of the Euler equation in discounted Markov decision processes ⋮ Ramsey’s Discrete-Time Growth Model: A Markov Decision Approach with Stochastic Labor ⋮ Approximate dynamic programming for stochastic \(N\)-stage optimization with application to optimal consumption under uncertainty ⋮ Optimal strategies for a fishery model applied to utility functions ⋮ Envelope theorems in Banach lattices and asset pricing ⋮ Unnamed Item ⋮ Suboptimal Policies for Stochastic $$N$$-Stage Optimization: Accuracy Analysis and a Case Study from Optimal Consumption
Cites Work
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- Smoothness, Comparative Dynamics, and the Turnpike Property
- Mathematical Methods and Models for Economists
- Envelope Theorems for Arbitrary Choice Sets
- Smooth dynamics and computation in models of economic growth
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