Numerical solution by iterative methods of a class of vintage capital models

DOI10.1016/S0165-1889(99)00056-1MaRDI QIDQ1589547zbMATHOpenAlexFDO

Authors A. P. Magnus, R. Boucekkine, Marc Germain, Omar Licandro

Publication date 12 December 2000

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0165-1889(99)00056-1

zbMATH Keywords

growth modelsrelaxationvintage capitaliterative numerical procedurecyclic coordinate descent algorithm

Mathematics Subject Classification ID

Numerical approximation and computational geometry (primarily algorithms) (65D99)

Recommendations

• Numerical Methods for an Optimal Investment-Consumption Model
• Numerical solution of optimization problems for mathematical models of investment theory
• Convergence of numerical solutions to fixed assets investment systems
• Numerical approach to asset pricing models with stochastic differential utility
• Optimal investment models with vintage capital: dynamic programming approach
• Numerical schemes for investment models with singular transactions
• A computational general equilibrium model with vintage capital
• Solving optimal growth models with vintage capital: The dynamic programming approach
• Numerical solutions to dynamic portfolio problems: The case for value function iteration using Taylor approximation
• Convergence of numerical solutions for a class of stochastic age-dependent capital system with random jump magnitudes

Cites work

• scientific article; zbMATH DE number 1241609 (Why is no real title available?)
• A Global Convergence Theorem for a Class of Parallel Continuous Explicit Runge–Kutta Methods and Vanishing Lag Delay Differential Equations
• Creative destruction, investment volatility, and the average age of capital
• Differential-difference equations in economics
• Endogenous vs exogenously driven fluctuations in vintage capital models
• Growth and Unemployment
• Invertible Solutions to the Operator Equation TA - BT = C
• On the Timing and Efficiency of Creative Destruction
• Replacement echoes in the vintage capital growth model

Cited in

(16)

• Numerical solution of optimal control problems with constant control delays
• A computational general equilibrium model with vintage capital
• Anticipation effects of technological progress on capital accumulation: a vintage capital approach
• Vintage capital and the dynamics of the AK model
• Numerical solution of dynamic equilibrium models under Poisson uncertainty
• Viscosity Solutions to Delay Differential Equations in Demo-Economy
• Dynamic analysis of patent policy in an endogenous growth model
• Feasibility and optimality of the initial capital stock in the Ramsey vintage capital model
• Optimal investment with vintage capital: equilibrium distributions
• OPTIMAL HARVESTING OF FOREST AGE CLASSES: A SURVEY OF SOME RECENT RESULTS
• Capital accumulation under technological progress and learning: a vintage capital approach
• Financially constrained capital investments: The effects of disembodied and embodied technological progress
• Numerical methods for the problems of nonlinear macroeconomic integral models
• On the economics of forest vintages
• A note on the optimal control of stocks accumulating with a delay
• A mixed integer nonlinear programming model for the optimal repair-replacement in the firm

This page was built for publication: Numerical solution by iterative methods of a class of vintage capital models

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1589547)