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Nonlinear Pricing in General Equilibrium Models with Joint Production

โœ Scribed by Kazuya Kamiya


Book ID
108566504
Publisher
John Wiley and Sons
Year
2001
Tongue
English
Weight
256 KB
Volume
52
Category
Article
ISSN
1352-4739

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โœ Dirk Krueger; Felix Kubler ๐Ÿ“‚ Article ๐Ÿ“… 2004 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 355 KB

In this paper we develop a projection algorithm to approximate equilibria in overlapping generations economies with a large number of generations and stochastic aggregate production. In these types of economies the state space includes the distribution of wealth across generations. We use Smolyak's