Solving dynamic discrete choice models using smoothing and sieve methods
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DOI: 10.1016/j.jeconom.2020.02.007
Abstract: We propose to combine smoothing, simulations and sieve approximations to solve for either the integrated or expected value function in a general class of dynamic discrete choice (DDC) models. We use importance sampling to approximate… read more here.
Keywords: sieve methods; solving dynamic; choice models; dynamic discrete ... See more keywords