Search Results - subject:"Value function iteration"

Value Function Iteration as a Solution Method for the Ramsey Model

Heer, Burkhard; Maußner, Alfred - In: Jahrbücher für Nationalökonomie und Statistik 231 (2011) 4, pp. 494-515

Summary Value function iteration is one of the standard tools for the solution of dynamic general equilibrium models if … function iteration as compared to (2) smart value function iteration neglects the special structure of the problem. (3) Full … desired size is reached.We find that value function iteration with cubic spline interpolation between grid points dominates …

Persistent link: https://www.econbiz.de/10014609354

Value Function Iteration as a Solution Method for the Ramsey Model

Heer, Burkhard; Maußner, Alfred - In: Journal of Economics and Statistics (Jahrbuecher fuer … 231 (2011) 4, pp. 494-515

Value function iteration is one of the standard tools for the solution of dynamic general equilibrium models if the … iteration as compared to (2) smart value function iteration neglects the special structure of the problem. (3) Full and (4 ….We find that value function iteration with cubic spline interpolation between grid points dominates the other methods if a …

Persistent link: https://www.econbiz.de/10009369197

Numerical Solutions to Dynamic Portfolio Problems: The Case for Value Function Iteration using Taylor Approximation

Garlappi, Lorenzo; Skoulakis, Georgios - In: Computational Economics 33 (2009) 2, pp. 193-207

Persistent link: https://www.econbiz.de/10005701709