RT Generic
T1 On the policy function in continuos time economic models
A1 Santos, Manuel S.
A2 Universidad Carlos III de Madrid. Departamento de Economía, 
AB In this paper, I consider a general class of continuous-time economic models with unbounded horizon. I study the sets of conditions under which the policy function is continuous, Lipschitz continuous, and Cl differentiable. 1 also single out certain postulates which may prevent higher-order differentiability. The analysis provides, therefore, a fmn foundation to the use of dynamic programming methods in continuous time models with unbounded horizon
SN 2340-5031
YR 1991
FD 1991-02
LK https://hdl.handle.net/10016/2763
UL https://hdl.handle.net/10016/2763
LA eng
DS e-Archivo
RD 26 jun. 2024