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TELRIC Pricing with Vintage Capital

✍ Scribed by David M. Mandy


Book ID
110401448
Publisher
Springer US
Year
2002
Tongue
English
Weight
226 KB
Volume
22
Category
Article
ISSN
0922-680X

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A computational general equilibrium mode
✍ Loı̈c Cadiou; StΓ©phane DΓ©es; Jean-Pierre Laffargue πŸ“‚ Article πŸ“… 2003 πŸ› Elsevier Science 🌐 English βš– 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