Showing 1 - 10 of 34
Models of labor supply derived from stochastic utility representations and discretized sets of feasible hours of work have gained popularity because they are more practical than the standard approaches based on marginal calculus. In this paper we argue that practicality is not the only feature...
Persistent link: https://www.econbiz.de/10010280822
not too rare to be found by a reasonable mutation process, and that typical simulation paths take the population from …
Persistent link: https://www.econbiz.de/10010326023
The papers in this special issue of Mathematics and Computers in Simulation cover the following topics: improving …, globalization, and innovation: a general equilibrium simulation, whether exchange rates affect consumer prices: a comparative …
Persistent link: https://www.econbiz.de/10010326266
the distribution of benefits between the generations? We address these issues analytically and with simulation (using data … subsidy for home care paid to the parents be defined, in budgetary or in welfare terms, and what does simulation tell us about … the calculation of the shifting of program benefits between family members, some of whom may be altruistic, are key issues …
Persistent link: https://www.econbiz.de/10010280827
probabilities andspecial fast simulation techniques like importancesampling, multilevel splitting, etc., have to be used. Though …-taileddistributions, previous fast simulation techniques forqueues with subexponential service times have been confined to theM/GI/1 queue. The …
Persistent link: https://www.econbiz.de/10010324803
This paper surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...
Persistent link: https://www.econbiz.de/10010325401
In this paper we use Monte Carlo simulation to investigate the impact of effect size heterogeneity on the results of a …
Persistent link: https://www.econbiz.de/10010325529
sophisticated neural network simulation techniques is explored. In all examples considered in this paper – a bimodal distribution of …
Persistent link: https://www.econbiz.de/10010325728
This paper points out the importance of Stochastic Dominance (SD) efficient sets being convex. We reviewclassic convexity and efficient set characterization results on SD efficiency of a given portfolio relative to adiversified set of assets and generalize them in the following aspects. First,...
Persistent link: https://www.econbiz.de/10010325820
simple and fast method for efficient importance sampling. A simulation study and empirical illustration provide some evidence …
Persistent link: https://www.econbiz.de/10010326518