Abstract
This paper is devoted to the derivation of Bellman’s differential equation in the payoff function v(x) for a broad class of cases (Theorems 1 and 2). We prove that i{x) is the smallest solution of this equation (Theorem 3).
| Original language | English (US) |
|---|---|
| Pages (from-to) | 249-262 |
| Number of pages | 14 |
| Journal | Mathematics of the USSR - Izvestija |
| Volume | 6 |
| Issue number | 1 |
| DOIs | |
| State | Published - Feb 28 1972 |