@techreport{NBERt0304,
 title = "Avoiding the Curse of Dimensionality in Dynamic Stochastic Games",
 author = "Ulrich Doraszelski and Kenneth L. Judd",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Technical Working Paper Series",
 number = "304",
 year = "2005",
 month = "January",
 URL = "http://www.nber.org/papers/t0304",
 abstract = {Continuous-time stochastic games with a finite number of states have substantial computational and conceptual advantages over the more common discrete-time model. In particular, continuous time avoids a curse of dimensionality and speeds up computations by orders of magnitude in games with more than a few state variables. The continuous-time approach opens the way to analyze more complex and realistic stochastic games than is feasible in discrete-time models.},
}