Hugo Benítez-Silva, George Hall, Günter Hitsch, Giorgio Pauletto, John Rust,  Home/Search
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Abstract: We compare alternative numerical methods for approximating solutions to continuousstate dynamic programming (DP) problems. We distinguish two approaches: discrete approximation and parametric approximation. In the former, the continuous state space is discretized into a finite number of points N , and the resulting finite-state DP problem is solved numerically. In the latter, a function associated with the DP problem such as the value function, the policy function, or some other related... (Update)
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BibTeX entry: (Update)
@misc{ benitez-silva-comparison,
author = "Hugo Ben\'itez-Silva and George Hall and G{\"u}nter Hitsch and Giorgio
Pauletto and John Rust",
title = "A Comparison of Discrete and Parametric Approximation Methods for Continuous-State
Dynamic Programming Problems",
url = "citeseer.ist.psu.edu/412264.html" }
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