Computation of Equilibria in OLG Models with Many Heterogeneous Households
This paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of representative agent economies. The paper examines local and global convergence properties of the sequential recalibration (SR) algorithm...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Springer Netherlands,
2011-11-16T13:51:14Z.
|
| Subjects: | |
| Online Access: | Get fulltext |