A Note on a Rapid Grid Search Method for Solving Dynamic Programming Problems in Economics

We introduce a rapid grid search method in solving the dynamic programming problems in economics. Compared to mainstream grid search methods, by using local information of the Bellman equation, this method can significantly increase the efficiency in solving dynamic programming problems by reducing the grid points searched in the control space.

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Year of publication:	2010-09-17
Authors:	He, Hui ; Zhang, Hao
Institutions:	Department of Economics, University of Hawaii-Manoa
Subject:	Dynamic Programming \| Grid Search \| Control Space

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 201017 20 pages
Classification:	C63 - Computational Techniques ; C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; C68 - Computable General Equilibrium Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008685110