Nishimura, Kazuo; Stachurski, John - Institute of Economic Research, Kyoto University - 2006
Dutta (J. Econom. Theory, 1991, 55, 64?94) showed that long-run optimality of the limit of discounted optima when the discount rate vanishes is implied by a certain bound on the value function of the optimal program. We introduce a new method to verify this bound using coupling techniques.