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- W2066360200 abstract "Our work has been concerned with the numerical simulation of dynamic economies with heterogeneous agents and economic distortions. Recent research has drawn attention to inherent difficulties in the computation of competitive equilibria for these economies: A continuous Markovian solution may fail to exist, and some commonly used numerical algorithms may not deliver accurate approximations. We consider a reliable algorithm set forth in Feng et al. (2009), and discuss problems related to the existence and computation of Markovian equilibria, as well as convergence and accuracy properties. We offer new insights into numerical simulation." @default.
- W2066360200 created "2016-06-24" @default.
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- W2066360200 date "2009-01-01" @default.
- W2066360200 modified "2023-09-22" @default.
- W2066360200 title "Problems in the Numerical Simulation of Models with Heterogeneous Agents and Economic Distortions" @default.
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- W2066360200 doi "https://doi.org/10.2139/ssrn.1457036" @default.
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