Avoiding the Curse of Dimensionality in Dynamic Stochastic Games

Ulrich Doraszelski, Kenneth L. Judd

Continuous-time stochastic games with a finite number of states have substantial computational and conceptual advantages over the more common discrete-time model. In particular, continuous time avoids a curse of dimensionality and speeds up computations by orders of magnitude in games with more than a few state variables. The continuous-time approach opens the way to analyze more complex and realistic stochastic games than is feasible in discrete-time models

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Year of publication:	January 2005
Authors:	Doraszelski, Ulrich
Other Persons:	Judd, Kenneth L. (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Stochastisches Spiel \| Stochastic game \| Dynamisches Spiel \| Dynamic game \| Theorie \| Theory

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Extent:	1 Online-Ressource
Series:	NBER technical working paper series ; no. t0304
Type of publication:	Book / Working Paper
Language:	English
Notes:	Mode of access: World Wide Web System requirements: Adobe [Acrobat] Reader required for PDF files Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/t0304 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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