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respy is a Python package for the simulation and estimation of a prototypical finite-horizon dynamic discrete choice model.

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respy is a Python package for the simulation and estimation of a prototypical finite-horizon dynamic discrete choice model.

respy

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respy is an open-source Python package for the simulation and estimation of a prototypical finite-horizon discrete choice dynamic programming model. We build on the baseline model presented in:

Keane, M. P. and Wolpin, K. I. (1994). The Solution and Estimation of Discrete Choice Dynamic Programming Models by Simulation and Interpolation: Monte Carlo Evidence. The Review of Economics and Statistics, 76(4): 648-672.

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