Using dynamic programming with adaptive grid scheme for optimal control problems in economics
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Publication:953726
DOI10.1016/J.JEDC.2003.11.002zbMATH Open1202.49026OpenAlexW2004336069MaRDI QIDQ953726FDOQ953726
Authors: Lars Grüne, Willi Semmler 
Publication date: 6 November 2008
Published in: Journal of Economic Dynamics and Control (Search for Journal in Brave)
Full work available at URL: https://epub.uni-bayreuth.de/5508/1/gruene_jedc_2004.pdf
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Dynamic programming (90C39) Dynamic programming in optimal control and differential games (49L20) Discrete approximations in optimal control (49M25) Applications of optimal control and differential games (49N90) Economic dynamics (91B55)
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Cited In (32)
- Local turnpike analysis using local dissipativity for discrete time discounted optimal control
- Dynamic harvesting under imperfect catch control
- Error estimation and adaptive discretization for the discrete stochastic Hamilton-Jacobi-Bellman equation
- MONETARY POLICY RULES UNDER UNCERTAINTY: EMPIRICAL EVIDENCE, ADAPTIVE LEARNING, AND ROBUST CONTROL
- TRANSITIONING OUT OF POVERTY
- Evolutionary tax evasion, prospect theory and heterogeneous taxpayers
- Divide and conquer: recursive likelihood function integration for hidden Markov models with continuous latent variables
- Asset pricing with loss aversion
- Dynamic decision-making for an inventory system with time-varying demand
- An efficient algorithm for Hamilton-Jacobi equations in high dimension
- Optimal foreign investment dynamics in the presence of technological spillovers
- Decentralized optimization over tree graphs
- Time periodic optimal policy for operation of a water storage tank using the dynamic programming approach
- Using nonlinear model predictive control for dynamic decision problems in economics
- Global dynamics in a model with search and matching in labor and capital markets
- Debt-deflation, financial market stress and regime change -- evidence from Europe using MRVAR
- De-risking of green investments through a green bond market -- empirics and a dynamic model
- Adaptive spline interpolation for Hamilton-Jacobi-Bellman equations
- Computing equilibria in dynamic models with occasionally binding constraints
- Branch-and-lift algorithm for deterministic global optimization in nonlinear optimal control
- Comparing accuracy of second-order approximation and dynamic programming
- Skiba points for small discount rates
- An ordering policy for deteriorating items with price-dependent iso-elastic demand under permissible delay in payments and price inflation
- Exogenous shocks and marine reserves
- Asset pricing with dynamic programming
- Towards global optimal control via Koopman lifts
- The real consequences of financial stress
- Applying a finite-horizon numerical optimization method to a periodic optimal control problem
- Estimating a banking-macro model using a multi-regime VAR
- Fluctuation of firm size in the long-run and bimodal distribution
- An algorithm for solving a class of multiplayer feedback-Nash differential games
- Solving dynamic portfolio choice models in discrete time using spatially adaptive sparse grids
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