On The Dynamic Programming Approach To Incentive Constraint Problems

Gozzi FaustoMonte RobertoTessitore Maria Elisabetta
CEIS Working Papers
In this paper we study a class of infinite horizon optimal control problems with incentive constraints in the discrete time case. More specifically, we establish suffcient conditions under which the value function associated to such problems satisfies the
Number: 193
Date: Sunday 01 June 2003
Revision Date: Sunday 01 June 2003