Tucci, Marco P.; Kendrick, David A.; Amman, Hans M. - In: Journal of Economic Dynamics and Control 34 (2010) 9, pp. 1531-1549
Comparisons of various methods for solving stochastic control economic models can be done with Monte Carlo methods. These methods have been applied to simple one-state, one-control quadratic-linear tracking models; however, large outliers may occur in a substantial number of the Monte Carlo runs...