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https://hdl.handle.net/10419/55173
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Fella, Giulio | en |
dc.date.accessioned | 2011-05-04 | - |
dc.date.accessioned | 2012-02-09T14:06:44Z | - |
dc.date.available | 2012-02-09T14:06:44Z | - |
dc.date.issued | 2011 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aQueen Mary University of London, School of Economics and Finance |cLondon | en |
dc.relation.ispartofseries | |aWorking Paper |x677 | en |
dc.subject.jel | C63 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | endogenous grid method | en |
dc.subject.keyword | non-concavity | en |
dc.subject.stw | Konsumentenverhalten | en |
dc.subject.stw | Dauerhaftes Konsumgut | en |
dc.subject.stw | Theorie | en |
dc.title | A generalized endogenous grid method for non-concave problems | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 657100080 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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