An overview -- Mathematical preliminaries -- Dynamic programming under certainty -- Applications of dynamic programming under certainty -- Deterministic dynamics -- Measure theory and integration -- Markov processes -- Stochastic dynamic programming -- Applications of stochastic dynamic programming -- Strong convergence of Markov processes -- Weak convergence of Markov processes -- Applications of convergence results for Markov processes -- Laws of large numbers -- Pareto optima and competitive equilibria -- Applications of equilibrium theory -- Fixed-point arguments -- Equilibria in systems with distortions
Summary
This solutions manual is a companion volume to the classic textbook Recursive Methods in Economic Dynamics by Nancy L. Stokey and Robert E. Lucas. Efficient and lucid in approach, this manual will greatly enhance the value of Recursive Methods as a text for self-study
