Maliar, L. and S. Maliar
Economic Letters – 87 (2005) 135–140
Palabras clave:: Nonlinear stochastic models,Value function,Parameterized expectations,Monte Carlo simulations,Numerical Methods
Resumen: This paper presents an algorithm for solving nonlinear dynamic stochastic models that computes value function by simulations. We argue that the proposed algorithm can be a useful alternative to the existing methods in some applications.