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STABLE AND EFFICIENT COMPUTATIONAL METHODS FOR DYNAMIC PROGRAMMING

delete2011-01-06
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PRE
AI
Y
Yongyang Cai *
K
Kenneth L. Judd
DOI:10.1111/j.1542-4774.2010.tb00532.xdelete
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Abstract

Abstract

En 中文
Dynamic programming is the foundation of dynamic economic analysis and often requires numerical solution methods. Standard methods are either slow or unstable. These instabilities are avoided when one uses modern methods from numerical optimization and approximation. Furthermore, large dynamic programming problems can be solved by using modern parallel computing architectures. (JEL: K23, L26, L51)
Keywords:
PROPORTIONAL TRANSACTION COSTS
INTERPOLATION
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Key information extracted from the uploaded paper, including a brief overview, abstract, background, key highlights, visual analysis, and future outlook.

Journal

Journal of the European Economic Association cover
Journal of the European Economic Association
IF:
3.3
Papers:
1.5K
Citations:
6.6K

Organization

S
Stanford University
Scholars:
9.6W
Papers: 8.2W
Citations: 17.0W
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