An algorithm is developed for solving nonlinear dynamic models in which one of the control variables is discrete. This structure is particularly relevant to economic models with fixed costs. The methodology is a generalization of discrete state space Euler equation methods for solving dynamic models. Citation Copyright 1997 by Kluwer Academic Publishers.
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Volume (Year): 10 (1997) Issue (Month): 4 (November) Pages: 377-86 Download reference. The following formats are available: HTML
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