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. Simulation methods have been developed to approximate a solution for these integrals. This paper describes the Standard Halton … sequence and a modification of it, the Shuffled Halton sequence. Both are simulation methods which can reduce computational … effort compared to a random sequence. We compare the simulation methods in their coverage of the multi-dimensional area and …
Persistent link: https://www.econbiz.de/10011375025
In this article we extend the agent-based model of firms' formation and growth proposed in [4]. In [4] the firms' creation, expansion or contraction results from the interaction of heterogeneous utility maximizers. While the original model was able to replicate the power law distribution in the...
Persistent link: https://www.econbiz.de/10010322258
This document gives a detailed account of the current version of the Hungarian Quarterly Projection Model (NEM). It describes the main building blocks, presents the forecast performance of the model and, finally, it illustrates the responses to the most important shocks the Hungarian economy may...
Persistent link: https://www.econbiz.de/10010322393
algorithm that computes scenarios on the basis of these parameters. The scenarios can be used as input data for simulation … logistics such as berth planning and crane scheduling. The generator discussed here has been developed within the simulation …
Persistent link: https://www.econbiz.de/10011558784
-use change into the future and for policy simulation. Finally, we use the model to examine the impact of common land conservation …
Persistent link: https://www.econbiz.de/10010269978
This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data …
Persistent link: https://www.econbiz.de/10010271244
Making use of restrictions imposed by equilibrium, theoretical progress has been made on the nonparametric and semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar nonadditive hedonic models (Heckman, Matzkin, and...
Persistent link: https://www.econbiz.de/10010275775
economics. With increased computation power and advanced simulation techniques, random-coefficient models have gained an …
Persistent link: https://www.econbiz.de/10010315509
Persistent link: https://www.econbiz.de/10009572964
Persistent link: https://www.econbiz.de/10009549622