Hjb suisse
http://liberzon.csl.illinois.edu/teaching/cvoc/node95.html WebNext we try to construct a solution of the HJB equation with the boundary condition . Suppose that , with , satisfies and . Theorem 2. (a) If , the function is a smooth solution to the HJB equation, where,,. The maximum of the left side of HJB equation is attained at (b) If , the function is a smooth solution to the HJB equation, where,.
Hjb suisse
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WebHJB equation, implicit method (Section 1.2) HJB_stateconstraint_implicit.m. KFE Equation (Section 2, using matrix from HJB implicit method) huggett_partialeq.m. Plotting the asset supply function (Section 3.1) huggett_asset_supply.m . Finding the …
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