UID:
kobvindex_INTNLM010357173
Format:
online resource (680 p)
Edition:
Online edition Elsevier Handbooks in Economics Series on ScienceDirect
ISBN:
9780444529800
Series Statement:
Handbook of Computational Economics 13
Content:
Handbook of Computational Economics summarizes recent advances in economic thought, revealing some of the potential offered by modern computational methods. With computational power increasing in hardware and algorithms, many economists are closing the gap between economic practice and the frontiers of computational mathematics. In their efforts to accelerate the incorporation of computational power into mainstream research, contributors to this volume update the improvements in algorithms that have sharpened econometric tools, solution methods for dynamic optimization and equilibrium models
Note:
Description based upon print version of record
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2.3 Bidders from Two Different Urns2.4 General Model; 2.5 Special Case; 2.6 Extensions; 2.6.1 Risk Aversion; 2.6.2 Collusion or Presence of Coalitions; 2.6.3 Procurement; 2.6.4 Bid Preferences; 3 Primer on Relevant Numerical Strategies; 3.1 Shooting Algorithms; 3.2 Projection Methods; 4 Previous Research Concerning Numerical Solutions; 4.1 Marshall and others (1994); 4.2 Bajari (2001); 4.3 Fibich and Gavious (2003); 4.4 Gayle and Richard (2008); 4.5 Hubbard and Paarsch (2009); 4.6 Fibich and Gavish (2011); 4.7 Hubbard and others (2013); 5 Some Examples
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3.1.6 The Income Tax Function3.1.7 The Social Security System; 3.1.8 The Household's Decision Rules; 3.1.9 The Distribution of Households; 3.1.10 The Supply of Capital and Labor; 3.2 The Representative Firm; 3.2.1 A Closed Economy; 3.2.2 A Small Open Economy [Optional]; 3.3 The Government; 3.3.1 Accidental Bequests; 3.4 Recursive Competitive Equilibrium; 3.4.1 DEFINITION Recursive Competitive Equilibrium; 3.5 Social Welfare Measures; 3.5.1 The Veil of Ignorance; 3.5.2 Equivalent Variations; 3.5.3 Compensating Variations; 4 Computational Algorithm; 4.1 Solving the Household's Problem
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4.1.1 The Household's Optimization Problem
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4.6 Time-Varying Parameters4.7 Monte Carlo Runs; 5 Algorithms and Codes; 6 A Showcase on Active Learning; 6.1 Outline of the Beck and Wieland Model; 6.2 Constant Parameters; 6.3 Time-Varying Parameters Version; 7 Learning with Forward Looking Variables; 7.1 Extending the Framework; 7.2 An Example; 8 Other Applications of Active Learning; 9 Summary; References; 2 On the Numerical Solution of Equilibria in Auction Models with Asymmetries within the Private-Values Paradigm; 1 Motivation and Introduction; 2 Theoretical Model; 2.1 Notation; 2.2 Derivation of Symmetric Bayes-Nash Equilibrium
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6 Comparisons of Relative Performance and Potential Improvements6.1 Comparisons of Relative Performance; 6.2 Potential Improvements; 7 Summary and Conclusions; Acknowledgments; References; 3 Analyzing Fiscal Policies in a Heterogeneous-Agent Overlapping-Generations Economy; 1 Introduction; 2 Existing Literature; 3 Stylized Model Economy; 3.1 The Households; 3.1.1 The State Variables and the Government Policy; 3.1.2 The Household's Optimization Problem; 3.1.3 Perfect Annuity Markets [Optional]; 3.1.4 Natural Borrowing Constraint [Optional]; 3.1.5 The Household's Preference
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Half Title; Title Page; Copyright; Contents; Contributors; Acknowledgments; Introduction to the Series; Introduction for Volume 3 of the Handbook of Computational Economics; 1 Learning About Learning in Dynamic Economic Models*; 1 Introduction; 2 The Framework; 3 What We Have Learned; 3.1 Active Perturbation; 3.2 Rapid Decrease in Parameter Variances in the First Few Periods; 3.3 Nonconvexities; 3.4 Rankings; 3.5 Time-Varying Parameters; 3.6 Model Sizes; 4 What We Hope to Learn; 4.1 Accuracy; 4.2 Efficiency; 4.3 Rankings; 4.4 Nonconvexities; 4.5 Measurement Errors
Additional Edition:
Print version Handbook of Computational Economics Vol. 3
Additional Edition:
ISBN 9780080931784
Language:
English
Keywords:
Electronic books
URL:
FULL
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