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• W2588381834 abstract "In this paper, we study a Markov Decision Process version of the classical Ramsey’s Growth model where the evolution of the labor component is assumed to be stochastic. As this is a discrete-time model, it is much easier to study the corresponding long-run behavior of the optimal strategies, as it would be for a continuous version. A set of natural conditions in the Euler Equation context are presented that guarantee a stable long-term behavior of the optimal process." @default.
• W2588381834 created "2017-02-24" @default.
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• W2588381834 date "2017-01-01" @default.
• W2588381834 modified "2023-09-27" @default.
• W2588381834 title "Ramsey’s Discrete-Time Growth Model: A Markov Decision Approach with Stochastic Labor" @default.
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• W2588381834 doi "https://doi.org/10.1007/978-3-319-53982-9_13" @default.
• W2588381834 hasPublicationYear "2017" @default.
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