The endogenous grid method for discrete-continuous dynamic choice models with (or without) taste shocks

DOI10.3982/QE643zbMath1396.90095OpenAlexW2742032842WikidataQ120793006 ScholiaQ120793006MaRDI QIDQ4586246

Thomas Høgholm Jørgensen, John Rust, Fedor Iskhakov, Bertel Schjerning

Publication date: 12 September 2018

Published in: Quantitative Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/qe643

zbMATH Keywords

Bellman equationEuler equationlife-cycle modelstructural estimationnested fixed point algorithmretirement choicediscrete and continuous choiceendogenous grid-point methodextreme value taste shockssmoothed max function

Mathematics Subject Classification ID

Dynamic programming (90C39) Computational methods for problems pertaining to operations research and mathematical programming (90-08)

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