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• W224124702 abstract "This paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of representative agent economies. The paper examines local and global convergence properties of the sequential recalibration (SR) algorithm. SR is then demonstrated to efficiently solve Auerbach- Kotlikoff OLG models with a large number of heterogeneous households. We approximate equilibria in OLG models by solving a sequence of related Ramsey optimal growth problems. This approach can provide improvements in both efficiency and robustness as compared with simultaneous solution methods." @default.
• W224124702 created "2016-06-24" @default.
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• W224124702 date "2008-06-01" @default.
• W224124702 modified "2023-09-27" @default.
• W224124702 title "Computation of Equilibria in OLGModels with Many Heterogeneous Households" @default.
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