Questions tagged [numerical-methods]

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Employing numerical techniques for Hotellings location model

I am trying to program a numerical solution for Hotellings locational model (with regards to the firms' respective locations). However, I have very little experience with numerical techniques. Let's ...
2
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0answers
155 views

Solution to Dynamic Programming (Bellman Equation) Problem

Could someone please provide pointers on how to solve the below? If any theoretical approximations are possible, that would be very helpful. If numerical solutions are the right approach, could you ...
1
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0answers
48 views

How To Program Finite General Equilibrium Models

I am wondering the best way to find a numerical solution to a finite general equilibrium model with Matlab. The model is a basic neoclassical growth model with equilibrium equations: $c_t+k_{t+1}=k_t(...
3
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1answer
95 views

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 ...
13
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1answer
413 views

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. \...
4
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3answers
1k views

Numerical analysis in economics

Recently, I have become interested in numerical analysis withinin macroeconomics. In particular, I have been trying to learn algorithms such as "backwards iteration", the "shooting method" etc, in ...