| Autor: |
Kabukçuoğlu, Ayşe, Martínez-García, Enrique |
| Jazyk: |
angličtina |
| Rok vydání: |
2016 |
| Předmět: |
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| Popis: |
We introduce the market resources method (MRM) for solving dynamic optimization problems. MRM extends Carroll's (2006) endogenous grid point method (EGM) for problems with more than one control variable using policy function iteration. The MRM algorithm is simple to implement and provides advantages in terms of speed and accuracy over Howard's policy improvement algorithm. Codes are available. |
| Databáze: |
OpenAIRE |
| Externí odkaz: |
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