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) algori...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Springer Netherlands
2011
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| Online Access: | http://hdl.handle.net/1721.1/67034 |