Paper deals with a simulation of job-search models using simulated annealing (SA). It is standard to test Burdett-Mortensen on-the-job search model which gives a unique solution. Unfortunately, its later generalizations especially incorporation of heterogeneous agents has overcome this unique...

Paper approximates long run implications of different tax schedules, i.e. using Chebyshev collocation. Model argues in favor of flat taxes and operates within an Arrow - Debreu environment. We approximate steady state Euler equations of an infinitely-lived-representative-agent exogenous growth...

The article examines the stability of the steady state in a perfect foresight model of technological change using perturbation methods. In the models of technological change analyses were generally restricted to find a steady state but they lack to test for its stability. Perturbation methods...