Solving Dynamic Stochastic Competitive General Equilibrium Models
نویسنده
چکیده
The Scarf algorithm was the Þrst practical, almost surely convergent method for computing general equilibria of competitive models. The current focus of much computational research is computing equilibrium of dynamic stochastic models. While many of these models are examples of Arrow-Debreu equilibria, Scarfs algorithm and subsequent homotopy methods cannot be applied directly since they have ∗The author thanks Herb Scarf and Donald Brown for their valuable comments.
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تاریخ انتشار 2002