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Computational experience with general equilibrium problems

✍ Scribed by A. Bachem; W. Hochstättler; B. Steckemetz; A. Volmer


Publisher
Springer US
Year
1996
Tongue
English
Weight
672 KB
Volume
6
Category
Article
ISSN
0926-6003

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A computational general equilibrium mode
✍ Loı̈c Cadiou; Stéphane Dées; Jean-Pierre Laffargue 📂 Article 📅 2003 🏛 Elsevier Science 🌐 English ⚖ 352 KB

This paper presents a vintage capital model assuming putty-clay investment and perfect foresight. The model is written in discrete time and is simulated by using a second order relaxation algorithm. By computing the eigenvalues of the dynamic system, we have checked the conditions of existence and u