A NONLINEAR PROGRAMMING METHOD FOR DYNAMIC PROGRAMMING. (18th January 2016)
- Record Type:
- Journal Article
- Title:
- A NONLINEAR PROGRAMMING METHOD FOR DYNAMIC PROGRAMMING. (18th January 2016)
- Main Title:
- A NONLINEAR PROGRAMMING METHOD FOR DYNAMIC PROGRAMMING
- Authors:
- Cai, Yongyang
Judd, Kenneth L.
Lontzek, Thomas S.
Michelangeli, Valentina
Su, Che-Lin - Abstract:
- Abstract : 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 approximate value functions. Our numerical results show that this nonlinear programming is efficient and accurate, and avoids inefficient discretization.
- Is Part Of:
- Macroeconomic dynamics. Volume 21:Number 2(2017)
- Journal:
- Macroeconomic dynamics
- Issue:
- Volume 21:Number 2(2017)
- Issue Display:
- Volume 21, Issue 2 (2017)
- Year:
- 2017
- Volume:
- 21
- Issue:
- 2
- Issue Sort Value:
- 2017-0021-0002-0000
- Page Start:
- 336
- Page End:
- 361
- Publication Date:
- 2016-01-18
- Subjects:
- Dynamic Programming, -- Optimal Control, -- Nonlinear Programming, -- Infinite-Horizon Decision Making Problem
Macroeconomics -- Periodicals
339.05 - Journal URLs:
- http://journals.cambridge.org/action/displayJournal?jid=MDY ↗
- DOI:
- 10.1017/S1365100515000528 ↗
- Languages:
- English
- ISSNs:
- 1365-1005
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library HMNTS - ELD Digital store
- Ingest File:
- 1754.xml