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School of Economics and Finance, Queen Mary, University of London >
Working Paper Series, School of Economics and Finance, Queen Mary, University of London >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/55173
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Fella, Giulio | | en_US |
| dc.date.accessioned | | 2011-05-04 | | en_US |
| dc.date.accessioned | | 2012-02-09T14:06:44Z | | - |
| dc.date.available | | 2012-02-09T14:06:44Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/55173 | | - |
| dc.description.abstract | | This paper extends Carroll's (2006) endogenous grid method and its combination with value function iteration by Barillas and Fernández-Villaverde (2007) to non-concave problems. The method is illustrated using a consumer problem in which consumers choose both durable and non-durable consumption. The durable choice is discrete and subject to non-convex adjustment costs. The algorithm yields substantial gains in accuracy and computational time relative to value function iteration, the standard solution choice for non-concave problems. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Queen Mary, Univ. of London, School of Economics and Finance London | | en_US |
| dc.relation.ispartofseries | | Working Paper // School of Economics and Finance, Queen Mary, University of London 677 | | en_US |
| dc.subject.jel | | C63 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | endogenous grid method | | en_US |
| dc.subject.keyword | | non-concavity | | en_US |
| dc.subject.stw | | Konsumentenverhalten | | en_US |
| dc.subject.stw | | Dauerhaftes Konsumgut | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | A generalized endogenous grid method for non-concave problems | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 657100080 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Working Paper Series, School of Economics and Finance, Queen Mary, University of London
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