In this paper I develop Cyclic Value Function Iteration (CVFI), which is an adjustment to standard value function iteration. When using this algorithm, the inclusion of cyclic variables of any size into the state space of an infinite horizon dynamic structural model does not increase the...

Terrorist organizations are most often comprised of ideologues, criminal mercenaries, and captive participants. Ideologues provide political purpose and direction and have a strong group commitment. However, every organization needs money to survive. For terrorist organizations this comes...