Computing Economic Equilibria Using Projection Methods

doi:10.1146/annurev-economics-080218-025711

GSTDTAP > 资源环境科学

DOI	10.1146/annurev-economics-080218-025711
	Computing Economic Equilibria Using Projection Methods
	Alena Miftakhova, Karl Schmedders and Malte Schumacher
	2020
出版年	2020
国家	瑞士
领域	资源环境
英文摘要	The analysis of dynamic economic models routinely leads to the mathematical problem of determining an unknown function for which no closed-form solution exists. Economists must then resort to methods of numerical approximation when analyzing such models. Among the computational methods that have been successfully applied in economics and finance, one set of techniques stands out due to its flexibility and robustness: projection methods. In this article, we describe the basic steps of these methods for several different applications, surveying many successful applications of projection methods to dynamic economic models. Importantly, we emphasize that the ever-increasing complexity and dimensionality of dynamic models have made the previously used simpler methods obsolete and the applications of projection methods all but mandatory. We closely examine the most recent endeavors in the literature on solving economic models with projection methods.
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来源平台	Centre for Energy Policy and Economics
引用统计
文献类型	科技报告
条目标识符	http://119.78.100.173/C666/handle/2XK7JSWQ/329959
专题	资源环境科学
推荐引用方式 GB/T 7714	Alena Miftakhova, Karl Schmedders and Malte Schumacher. Computing Economic Equilibria Using Projection Methods,2020.