Article ID Journal Published Year Pages File Type
7388477 Review of Economic Dynamics 2014 16 Pages PDF
Abstract
The algorithm yields substantial gains in accuracy and computational time relative to value function iteration, the standard solution choice for problems in which the value function is non-smooth or non-concave.
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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
A generalized endogenous grid method for non-smooth and non-concave problems
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