BUDGET CHARACTERIZATION OF NEUMANN-GALE MODEL IN CONTINUOUS TIME

Belenky, Vitaly

RAS Social ScienceЭкономика и математические методы Economics and the Mathematical Methods

ISSN (Print) 0424-7388

ISSN (Online) 3034-6177

BUDGET CHARACTERIZATION OF NEUMANN-GALE MODEL IN CONTINUOUS TIME

PII

S042473880000616-6-1

DOI

10.7868/S0000616-6-1

Publication type

Article

Status

Published

Authors

Vitaly Belenky

Volume/ Edition

Volume 46 / Issue 1

Pages

75-91

Abstract

A version of Neumann-Gale model in continuous time is formulated and it is given its description by term of "budget" functions - potential function G and cost function g. These functions are the solutions of direct and inverse Bellman's equations, and they determine as the whole limits attainable domain ω(x) for discounted trajectories issuing from arbitrary initial point x in phase space. Results of the article expand to continuous version well known properties of NG-model in discrete time.

Keywords

Date of publication

01.01.2010

Year of publication

2010

Number of purchasers

Views

841

References

GOST	Belenky V. BUDGET CHARACTERIZATION OF NEUMANN-GALE MODEL IN CONTINUOUS TIME // Economics and the Mathematical Methods. – 2010. – V. 46. – Issue 1 C. 75-91 .
MLA	Belenky, Vitaly "BUDGET CHARACTERIZATION OF NEUMANN-GALE MODEL IN CONTINUOUS TIME." Economics and the Mathematical Methods. 46.1 (2010).:75-91.
APA	Belenky V. (2010). BUDGET CHARACTERIZATION OF NEUMANN-GALE MODEL IN CONTINUOUS TIME. Economics and the Mathematical Methods. vol. 46, no. 1, pp.75-91

RAS Social ScienceЭкономика и математические методы Economics and the Mathematical Methods

BUDGET CHARACTERIZATION OF NEUMANN-GALE MODEL IN CONTINUOUS TIME

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RAS Social ScienceЭкономика и математические методы Economics and the Mathematical Methods

BUDGET CHARACTERIZATION OF NEUMANN-GALE MODEL IN CONTINUOUS TIME

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