Questions tagged [numerical-methods]

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Looking for guide to Industrial Organization numerical modeling in Python

Is there some guide or GitHub repository that shows how to program numerical version of IO models? I would like to learn how to simulate the general $n$-firm Cournot competition model, but I can ...
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Scale in value function iteration

The following Julia code is one step in value function iteration. I was trying to understand why we can rescale the profits in calculating the value function (for a general equilibrium model). In the ...
• 1
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How to numerically approximate a function?

what are some numerical analysis techniques that I can use to approximate functions? For example, say I've got the demand equation $$q = a p^b + c p^d$$ and I want to find the price that clears the ...
131 views

Reference request: a book on numerically solving DSGE models with code

I am new to the area of DSGE modelling, and programming DSGE models. I was hoping that someone could recommend a book on DSGE modelling, that presents the different model components as well as code ...
• 385
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For the cost function question (equation in image), I have found TVC as AVC*P. However the MC curve derived is giving imaginary number solution

For the cost function question (equation in image), I have found TVC as AVC*P. However MC curve is showing an imaginary number as solution.
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Value function iterations with hyperbolic discounting

I am currently working to the numerical solution of a model similar to the consumption-savings decision model with hyperbolic discounting as in Krussel et al. (2003). Even if hyperbolic discounting ...
• 213
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Stochastic growth in continuous time

Literature: See Chang (1988) for theoretical part and Achdou et al. (2015) for numerical part respectively. Model Consider the following stochastic optimal growth problem in per capita notation. \...
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