Envelope condition method versus endogenous grid method for solving dynamic programming problems
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Publication:2442407
DOI10.1016/j.econlet.2013.04.031zbMath1284.90091MaRDI QIDQ2442407
Publication date: 3 April 2014
Published in: Economics Letters (Search for Journal in Brave)
Full work available at URL: http://www.ivie.es/downloads/docs/wpasad/wpasad-2013-07.pdf
curse of dimensionality; large scale; envelope condition; value function iteration; numerical dynamic programming; endogenous grid
65K05: Numerical mathematical programming methods
90C39: Dynamic programming
91B62: Economic growth models
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