Optimal steady states, excessive functions, and deterministic dynamic programs
The paper deals with the undiscounted, deterministic, stationary dynamic programming model with state and action spaces being subsets of Euclidean spaces, bounded cost function, and infinite planning horizon. The author defines optimal steady states and discusses the relationship between them and Lagrangian saddle-points. Then he introduces excessive functions and characterizes by means of them optimal steady states.
undiscounted, deterministic, stationary dynamic programming
scientific article; zbMATH DE number 4143806