The endogenous grid method for discrete-continuous dynamic choice models with (or without) taste shocks (Q4586246): Difference between revisions

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Revision as of 16:28, 5 March 2024

scientific article; zbMATH DE number 6935764
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The endogenous grid method for discrete-continuous dynamic choice models with (or without) taste shocks
scientific article; zbMATH DE number 6935764

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    The endogenous grid method for discrete-continuous dynamic choice models with (or without) taste shocks (English)
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    12 September 2018
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    life-cycle model
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    discrete and continuous choice
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    Bellman equation
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    Euler equation
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    retirement choice
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    endogenous grid-point method
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    nested fixed point algorithm
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    extreme value taste shocks
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    smoothed max function
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    structural estimation
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