Add to ORKGThis paper presents an algorithm for the computation of sequential competitive equilibria in dynamic models with heterogeneous agents. The algorithm builds on a convergent operator defined over an expanded set of state variables for which a Markovian equilibrium solution is known to exist. We apply this algorithm to a stochastic growth economy and two exchange economies with incomplete financial markets.
In this paper, we provide an overview of an emerging class of "monotone map methods" in analyzing di...
The general equilibrium model with incomplete asset markets is ideally suited for the study of probl...
This paper develops a new computationally attractive procedure for estimating dynamic discrete choic...
In this paper we present a recursive method for the computation of dynamic competitive equilibria in...
In this article, we propose a recursive equilibrium algorithm for the numerical simulation of nonopt...
This paper develops a decomposition algorithm by which a market economy with many households may be...
A problem of noncooperative game with several players is considered, in which the players (governmen...
This paper studies asset trading volume in production economies à la Brock [1982]. Agents are hetero...
This paper considers a noncooperative game of several players (governments of neighboring countries)...
This paper constructs a representative agent supporting the equilibrium allocation in ¡°event-tree¡±...
The general equilibrium model with incomplete asset markets is ideally suited for the study of probl...
The dynamic heterogeneous economies studied are described by a collection of heterogenous individual...
Stochastic games offer a rich mathematical structure that makes it possible to analyze situations wi...
This paper uses lattice programming methods along with the extension of Tarski's fixed point theorem...
Abstract We study a class of continuous time heterogeneous agent models with idiosyncratic shocks an...
In this paper, we provide an overview of an emerging class of "monotone map methods" in analyzing di...
The general equilibrium model with incomplete asset markets is ideally suited for the study of probl...
This paper develops a new computationally attractive procedure for estimating dynamic discrete choic...
In this paper we present a recursive method for the computation of dynamic competitive equilibria in...
In this article, we propose a recursive equilibrium algorithm for the numerical simulation of nonopt...
This paper develops a decomposition algorithm by which a market economy with many households may be...
A problem of noncooperative game with several players is considered, in which the players (governmen...
This paper studies asset trading volume in production economies à la Brock [1982]. Agents are hetero...
This paper considers a noncooperative game of several players (governments of neighboring countries)...
This paper constructs a representative agent supporting the equilibrium allocation in ¡°event-tree¡±...
The general equilibrium model with incomplete asset markets is ideally suited for the study of probl...
The dynamic heterogeneous economies studied are described by a collection of heterogenous individual...
Stochastic games offer a rich mathematical structure that makes it possible to analyze situations wi...
This paper uses lattice programming methods along with the extension of Tarski's fixed point theorem...
Abstract We study a class of continuous time heterogeneous agent models with idiosyncratic shocks an...
In this paper, we provide an overview of an emerging class of "monotone map methods" in analyzing di...
The general equilibrium model with incomplete asset markets is ideally suited for the study of probl...
This paper develops a new computationally attractive procedure for estimating dynamic discrete choic...