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

Abstract : 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.
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https://halshs.archives-ouvertes.fr/halshs-01159177
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Submitted on : Tuesday, June 2, 2015 - 5:04:06 PM
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Takashi Kamihigashi, Cuong Le Van. Necessary and Sufficient Conditions for a Solution of the Bellman Equation to be the Value Function: A General Principle. 2015. ⟨halshs-01159177⟩

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