Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/24764 
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dc.contributor.authorHermeling, Claudiaen
dc.contributor.authorMennel, Timen
dc.date.accessioned2009-02-16T15:12:06Z-
dc.date.available2009-02-16T15:12:06Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/24764-
dc.description.abstractSensitivity analysis studies how the variation in the numerical output of a model can be quantitatively apportioned to different sources of variation in basic input parameters. Thus, it serves to examine the robustness of numerical results with respect to input parameters, which is a prerequisite for deriving economic conclusions from them. In practice, modellers apply different methods, often chosen ad hoc, to do sensitivity analysis. This paper pursues a systematic approach. It formalizes deterministic and stochastic methods used for sensitivity analysis. Moreover, it presents the numerical algorithms to apply the methods, in particular, an improved version of a Gauss-Quadrature algorithm, applicable to one as well as multidimensional sensitivity analysis. The advantages and disadvantages of different methods and algorithms are discussed as well as their applicability.en
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x08-068en
dc.subject.jelD50en
dc.subject.jelC15en
dc.subject.jelC63en
dc.subject.ddc330en
dc.subject.keywordSensitivity Analysisen
dc.subject.keywordComputational Methodsen
dc.subject.stwSensitivitätsanalyseen
dc.subject.stwSimulationen
dc.subject.stwComputergestütztes Verfahrenen
dc.subject.stwCGE-Modellingen
dc.subject.stwAllgemeines Gleichgewichten
dc.subject.stwTheorieen
dc.titleSensitivity Analysis in Economic Simulations: A Systematic Approach-
dc.typeWorking Paperen
dc.identifier.ppn577907123en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:7391en

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