Upper envelope scan for dynamic discrete-continuous life cycle models.
Project description
Fast Upper Envelope Scan (FUES)
Extension of the Fast Upper-Envelope Scan (FUES) for solving discrete-continuous dynamic
programming problems based on Dobrescu & Shanker (2022). Both jax and numba versions
are available.
References
-
Iskhakov, Jorgensen, Rust, & Schjerning (2017). The Endogenous Grid Method for Discrete-Continuous Dynamic Choice Models with (or without) Taste Shocks. Quantitative Economics
-
Loretti I. Dobrescu & Akshay Shanker (2022). Fast Upper-Envelope Scan for Discrete-Continuous Dynamic Programming.
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