problem we develop a numerical dynamic programming algorithm to solve for optimal policies of each party taking into account …The goal of this paper is to study the problem of optimal dynamic policy formulation with competing political parties …

A nonlinear programming formulation is introduced to solve infinite horizon dynamic programming problems. This extends … the linear approach to dynamic programming by using ideas from approximation theory to avoid inefficient discretization …. Our numerical results show that this nonlinear programming method is efficient and accurate …

We implement a dynamic programming algorithm on a computational grid consisting of loosely coupled processors, possibly … computing platform. We implement value function iteration for several large dynamic programming problems of two kinds: optimal … growth problems and dynamic portfolio problems. We present examples that solve in hours on HTCondor but would take weeks if …

We introduce a novel approach to solving dynamic programming problems, such as those in many economic models, on a …

We introduce a novel simulated certainty equivalent approximation (SCEQ) method for solving dynamic stochastic problems …-horizon, stationary or nonstationary dynamic stochastic problems with hundreds of state variables, a wide state space, and occasionally …

national transportation network. Route-level freight traffic data reveal that the gauge change caused a large shift in market …

How large are the benefits of transportation infrastructure projects, and what explains these benefits? To shed new …

at that time. Using a new GIS-based transportation database linked to county-level census, we estimate that at least a …. Farmers responded to the shrinking transportation wedge and rising revenue productivity by rapidly expanding the area under …

For generations of scholars and observers, the "transportation revolution," especially the railroad, has loomed large …, been considerable debate as to whether transportation improvements led economic development or simply followed. Using a … newly developed GIS transportation database we examine this issue in the context of the American Midwest, focusing on two …