Discounted dynamic optimization and Bregman divergence

Author(s)
Gerhard Sorger
Abstract

We define the concept of Bregman continuity and show that a function is an optimal policy function of a discounted dynamic optimization problem if and only if it is Bregman continuous.

Organisation(s)
Department of Economics
Journal
Journal of Mathematical Economics
Volume
110
ISSN
0304-4068
DOI
https://doi.org/10.1016/j.jmateco.2023.102935
Publication date
02-2024
Peer reviewed
Yes
Austrian Fields of Science 2012
502047 Economic theory
Portal url
https://ucrisportal.univie.ac.at/en/publications/discounted-dynamic-optimization-and-bregman-divergence(1a34eee0-23aa-4fae-9f3c-fe52edd09185).html