论文信息 - Necessary and Sufficient Conditions for a Solution of the Bellman Equation to be the Value Function: A General Principle

Necessary and Sufficient Conditions for a Solution of the Bellman Equation to be the Value Function: A General Principle

In this paper, we give Necessary and Sufficient Conditions for a Solution of the Belman Equation to be the Value Function. This result is a general principle. It requires no structure beyond the common framework of discrete-time stationary optimization problems with time-additive returns. In particular, the state space X is an arbitrary set.

Takashi Kamihigashi | Cuong Le van

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