Recent content by physicsguy142

bumping this on the off-chance somebody will be able to help out.

bump. any help would be greatly appreciated!

Homework Statement Derive the Euler Equation of the dynamic programming problem: \[max_{\{ z_t \}^\infty_{t=0}} \sum_{t=0}^{\infty} \delta^t f(x_t, y_t, z_t) \] subject to: x_{t+1} = g_1(x_t, y_t, z_t), \ y_{t+1} = g_2(x_t, y_t, z_t), \ x_0 = x^0, y_0 = y^0 and where \delta <1...