2 papers
math.FA2022
Unique Solutions to Power-Transformed Affine Systems
John Stachurski, Ole Wilms, Junnan Zhang
Systems of the form arise in a range of economic, financial and control problems, where is a linear operator acting on a space of real-valued functions…
econ.GN2019
Dynamic Programming with State-Dependent Discounting
John Stachurski, Junnan Zhang
This paper extends the core results of discrete time infinite horizon dynamic programming to the case of state-dependent discounting. We obtain a condition on the discount factor p…