The endogenous grid method for discrete-continuous dynamic choice models with (or without) taste shocks
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Publication:4586246
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
Bellman equationEuler equationlife-cycle modelstructural estimationnested fixed point algorithmretirement choicediscrete and continuous choiceendogenous grid-point methodextreme value taste shockssmoothed max function
Dynamic programming (90C39) Computational methods for problems pertaining to operations research and mathematical programming (90-08)
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