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dc.contributor.authorJeanjean, Patrick
dc.date.accessioned2014-03-20T09:39:45Z
dc.date.available2014-03-20T09:39:45Z
dc.date.issued1974
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/12924
dc.language.isoenen
dc.subjectoptimal programsen
dc.subject.ddc519en
dc.titleOptimal development programs under uncertainty: The undiscounted caseen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenOne considers a many-commodity world where technology depends on an exogenous environment whose successive states form a stationary Markov process. A program is optimal if it overtakes any other program or has the maximum expected utility. It is shown there exists a best stationary program. One proves then there exists an optimal program, which converges asymptotically to the best stationary program, and is generated by a policy such that, at every date, a nonrandom production decision is chosen which depends only on the state of the world and of the economy at that time.en
dc.relation.isversionofjnlnameJournal of Economic Theory
dc.relation.isversionofjnlvol7en
dc.relation.isversionofjnlissue1en
dc.relation.isversionofjnldate1974
dc.relation.isversionofjnlpages66-92en
dc.relation.isversionofdoihttp://dx.doi.org/10.1016/0022-0531(74)90081-7en
dc.relation.isversionofjnlpublisherElsevieren
dc.subject.ddclabelProbabilités et mathématiques appliquéesen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen


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