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dc.contributor.authorRausch, Sebastianen_US
dc.contributor.authorRutherford, Thomas F.en_US
dc.date.accessioned2007-07-02en_US
dc.date.accessioned2009-08-06T09:01:45Z-
dc.date.available2009-08-06T09:01:45Z-
dc.date.issued2007en_US
dc.identifier.isbn978-3-86788-009-1en_US
dc.identifier.urihttp://hdl.handle.net/10419/26780-
dc.description.abstractThis paper develops a decomposition algorithm by which a market economy with many households may be solved through the computation of equilibria for a sequence of representative agent economies. The paper examines local and global convergence properties of the sequential recalibration (SR) algorithm. SR is then demonstrated to efficiently solve Auerbach-Kotlikoff OLG models with a large number of heterogeneous households. We approximate equilibria in OLG models by solving a sequence of related Ramsey optimal growth problems.This approach can provide improvements in both efficiency and robustness as compared with simultaneous solution-methods.en_US
dc.language.isoengen_US
dc.publisherRWI Essenen_US
dc.relation.ispartofseriesRuhr economic papers 15en_US
dc.subject.jelC68en_US
dc.subject.jelC81en_US
dc.subject.jelD61en_US
dc.subject.jelD91en_US
dc.subject.ddc330en_US
dc.subject.keywordComputable general equilibriumen_US
dc.subject.keywordoverlapping generationsen_US
dc.subject.keywordmicrosimulationen_US
dc.subject.keywordsequential recalibrationen_US
dc.subject.stwCGE-Modellingen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwDekompositionsverfahrenen_US
dc.subject.stwOverlapping Generationsen_US
dc.subject.stwTheorieen_US
dc.titleComputation of equilibria in OLG models with many heterogeneous householdsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn534690505en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Ruhr Economic Papers, RWI
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