A new hyperplanes intersection simulated annealing (HISA) algorithm, based on a discrete representation of the search … model. As a prerequisite of the discrete space simulated annealing algorithm, also, a multi-start hyperplanes intersection … local search algorithm (HILS) is devised. The implementation of the local search and simulated annealing algorithms searches …

This paper offers a simulation-based method for the estimation of heuristic switching in nonlinear macroeconomic models … heterogeneous agents. The simulation study shows that the proposed simulated maximum likelihood method identifies the behavioral …