Abstract
This note is connected with a series of investigations of probabilistic models of economics. Its aim is the study of the asymptotic properties of the optimal programs in such models. The results are the stochastic analogs of the “Turnpike theorems” stating that the optimal programs are near to a definite stationary program for most of the time.
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Translated from Matematicheskie Zametki, Vol. 19, No. 2, pp. 279–290, February, 1976.
The author thanks E. B. Dynkin for useful discussion and help during the preparation of this note.
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Evstigneev, I.V. Turnpike theorems in probabilistic models of economic dynamics. Mathematical Notes of the Academy of Sciences of the USSR 19, 165–171 (1976). https://doi.org/10.1007/BF01098751
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DOI: https://doi.org/10.1007/BF01098751