Duality Theory for Infinite Horizon Convex Models

摘要: Often it is desirable to formulate certain decision problems without specifying a cut-off date and terminal conditions which are sometimes felt be arbitrary. This paper examines the duality theory that goes along with kind of open-ended convex programming models frequently encountered in mathematical economics operations research. Under set general axioms, necessary sufficient for infinite horizon optimality derived. The proof emphasizes close connection between dynamic programming. Dual prices required properties inductively constructed each period as supports state evaluation function.