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representative if it shows a low discrepancy. However, in dimensions higher than two and for a large number of points the evaluation … of discrepancy becomes infeasible. The use of the efficient multiple purpose heuristic Threshold Accepting offers a … possibility to obtain at least good approximations to the discrepancy of a given set of points. This paper presents an …
Persistent link: https://www.econbiz.de/10009774691
representative if it shows a low discrepancy. However, in dimensions higher than two and for a large number of points the evaluation … of discrepancy becomes infeasible. The use of the efficient multiple purpose heuristic Threshold Accepting offers a … possibility to obtain at least good approximations to the discrepancy of a given set of points. This paper presents an …
Persistent link: https://www.econbiz.de/10010958353
In the paper, some empirical results from a macroeconometric disequilibrium model for the Federal Republic of Germany are reported. In the theoretical model, a delayed adjustment of employment and investment is analyzed. Market disequilibrium is introduced by allowing for a sluggish adjustment...
Persistent link: https://www.econbiz.de/10009774692
Persistent link: https://www.econbiz.de/10013388137
Persistent link: https://www.econbiz.de/10013388135
A macroeconomic disequilibrium model is developed for the Federal Republic of Germany. Starting with a microeconomic model of firm's behaviour, the optimal dynamic adjustment of employment and investment is derived. The model of the firm is complemented by an explicite aggregation procedure...
Persistent link: https://www.econbiz.de/10013519500
Persistent link: https://www.econbiz.de/10011316553
We introduce a numerical algorithm for solving dynamic economic models that merges stochastic simulation and projection approaches: we use simulation to approximate the ergodic measure of the solution, we cover the support of the constructed ergodic measure with a fixed grid, and we use...
Persistent link: https://www.econbiz.de/10011757628
Persistent link: https://www.econbiz.de/10013359581
Persistent link: https://www.econbiz.de/10003529211