Welcome to respy’s documentation!¶
respy is an open-source Python package for the simulation and estimation of a
prototypical finite-horizon discrete choice dynamic programming model. We build on the
baseline model presented in:
Keane, M. P. and Wolpin, K. I. (1994). The Solution and Estimation of Discrete Choice Dynamic Programming Models by Simulation and Interpolation: Monte Carlo Evidence. The Review of Economics and Statistics, 76(4): 648-672.