Lanz, Andreas; Reich, Gregor; Wilms, Ole - In: Quantitative Marketing and Economics 20 (2022) 2, pp. 179-238
This paper develops a method to flexibly adapt interpolation grids of value function approximations in the estimation of dynamic models using either NFXP (Rust, Econometrica: Journal of the Econometric Society, 55, 999–1033, 30 ) or MPEC (Su & Judd, Econometrica: Journal of the...