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Kenneth L. Judd

Numerical Methods in Economics

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ISBN: 0262100711, 9780262100717
Издательство: MIT Press
Год издания: 1998
Страниц: 644
"Judd's book is a masterpiece which will help transform the way economic theory is done. It harnesses the computer revolution in the service of economic theory by collecting together a whole array of numerical methods to simulate and quantify models thatused to be purely algebraic and qualitative." -- Avinash K. Dixit, Sherrerd University Professor of Economics, Princeton University To harness the full power of computer technology, economists need to use a broad range of mathematical techniques. In this book, Kenneth Judd presents techniques from the numerical analysis and applied mathematics literatures and shows how to use them in economic analyses. The book is divided into five parts. Part I provides a general introduction. Part II presents basics from numerical analysis on Rn , including linear equations, iterative methods, optimization, nonlinear equations, approximation methods, numerical integration and differentiation, and Monte Carlo methods. Part III covers...