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

DOI10.3982/QE643MaRDI QIDQ4586246zbMATH OpenOpenAlexWikidataFDO

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

Publication date 12 September 2018

Published in Quantitative Economics (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial 4.0 International

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

zbMATH Keywords

Bellman equationdiscrete and continuous choiceendogenous grid-point methodEuler equationextreme value taste shockslife-cycle modelnested fixed point algorithmretirement choicesmoothed max functionstructural estimation

Mathematics Subject Classification ID

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

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