Search Results - subject:"value function iteration"

Characterization of a risk sharing contract with one-sided commitment

Zhang, Yuzhe - In: Journal of Economic Dynamics and Control 37 (2013) 4, pp. 794-809

relationship. To compute the optimal contract, I also design an algorithm that is more efficient than value-function iteration. …

Persistent link: https://www.econbiz.de/10010617144

Envelope condition method versus endogenous grid method for solving dynamic programming problems

Maliar, Lilia; Maliar, Serguei - In: Economics Letters 120 (2013) 2, pp. 262-266

implement, dominates conventional value function iteration and is comparable in accuracy and cost to Carroll’s (2005) endogenous …

Persistent link: https://www.econbiz.de/10010678837

Characterization of a risk sharing contract with one-sided commitment

Zhang, Yuzhe - In: Journal of economic dynamics & control 37 (2013) 4, pp. 794-809

Persistent link: https://www.econbiz.de/10009726177

Fitted value function iteration with probability one contractions

Pál, Jenő; Stachurski, John - In: Journal of economic dynamics & control 37 (2013) 1, pp. 251-264

Persistent link: https://www.econbiz.de/10009703597

Approximating high-dimensional dynamic models : sieve value function iteration

Arcidiacono, Peter; Bayer, Patrick J.; Bugni, Federico A.; … - In: Structural econometric models, (pp. 45-95). 2013

Persistent link: https://www.econbiz.de/10010359152

Envelope condition method versus endogenous grid method for solving dynamic programming problems

Maliar, Lilia; Maliar, Serguei - In: Economics letters 120 (2013) 2, pp. 262-266

Persistent link: https://www.econbiz.de/10010128297

Dynamic programming with shape-preserving rational spline Hermite interpolation

Cai, Yongyang; Judd, Kenneth L. - In: Economics Letters 117 (2012) 1, pp. 161-164

Numerical methods for dynamic programming often use value function iteration and interpolation. We present a novel … shape-preserving rational spline approximation method that improves value function iteration in terms of both stability and …

Persistent link: https://www.econbiz.de/10010580474

Computation of business cycle models : a comparison of numerical methods

Heer, Burkhard; Maußner, Alfred - 2004

We compare the numerical methods that are most widely applied in the computation of the standard business cycle model with flexible labor. The numerical techniques imply economically insignificant differences with regard to business cycle summary statistics except for the volatility of...

Persistent link: https://www.econbiz.de/10010275772

Computation of Business Cycle Models: A Comparison of Numerical Methods

Heer, Burkhard; Maussner, Alfred - CESifo - 2004

Persistent link: https://www.econbiz.de/10005765698

Computation of business cycle models : a comparison of numerical methods

Heer, Burkhard; Maußner, Alfred - 2004

Persistent link: https://www.econbiz.de/10011449266

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