Handbook of computational economics, vol.3

Description

Handbook of Computational Economics summarizes recent advances in economic thought, revealing some of the potential offered by modern computational methods. With computational power increasing in hardware and algorithms, many economists are closing the gap between economic practice and the frontiers of computational mathematics. In their efforts to accelerate the incorporation of computational power into mainstream research, contributors to this volume update the improvements in algorithms that have sharpened econometric tools, solution methods for dynamic optimization and equilibrium models, and applications to public finance, macroeconomics, and auctions. They also cover the switch to massive parallelism in the creation of more powerful computers, with advances in the development of high-power and high-throughput computing. Much more can be done to expand the value of computational modeling in economics. In conjunction with volume one (1996) and volume two (2006), this volume offers a remarkable picture of the recent development of economics as a science as well as an exciting preview of its future potential. Samples different styles and approaches, reflecting the breadth of computational economics as practiced todayFocuses on problems with few well-developed solutions in the literature of other disciplinesEmphasizes the potential for increasing the value of computational modeling in economics Content: V. 1. Computational general equilibrium modelling for policy analysis and forecasting / Peter B. Dixon and B.R. Parmenter Computation of equilibria in finite games / Richard D. McKelvey and Andrew McLennan Computational methods for macroeconometric models / Ray C. Fair Mechanics of forming and estimating dynamic linear economies / Evan W. Anderson [and others] Nonlinear pricing and mechanism design / Robert Wilson Sectoral economics / David A. Kendrick Parallel computation / Anna Nagurney Artificial intelligence in economics and finance : a state of the art : 1994, the real estate price and assets and liability analysis case / L.F. Pau and Tan Pan Yong Neural networks for encoding and adapting in dynamic economies / I.-Koo Cho and Thomas J. Sargent Modelling languages in computational economics : GAMS / Stavros A. Zenios Mathematica for economists / Hal R. Varian Approximation, perturbation and projection methods in economic analysis / Kenneth L. Judd Numerical methods for linear-quadratic models / Hans Amman Numerical dynamic programming in economics / John Rust Monte Carlo simulation and numerical integration / John Geweke. -- V. 2. Agent-based computational economics : a constructive approach to economic theory Computationally intensive analyses in economics Agent learning representation : advice on modelling economic learning Agent-based models and human subject experiments Economic activity on fixed networks ACE models of endogenous interactions Social dynamics : theory and application Heterogeneous agent models in economics and finance Agent-based computational finances Agent-based models of innovation and technological change Agent-based models of organization Market design using agent-based models Automated markets and trading agents Computational methods and models of politics Governing social-ecological systems Computational laboratories for spatial agent-based models Out-of-equilibrium economics and agent-based modeling Agent-based Modeling as a Bridge Between Disciplines Remarks on the Foundations of Agent-Based Generative Social Science Coordination Issues in Long-Run Growth Agent-based macro Some Fun, Thirty-Five Years Ago -- V. 3. Learning About Learning in Dynamic Economic Models On the Numerical Solution of Equilibria in Auction Models with Asymmetries within the Private-Values Paradigm Analyzing Fiscal Policies in a Heterogeneous-Agent Overlapping-Generations Economy On Formulating and Solving Portfolio Decision and Asset Pricing Problems Computational Methods for Derivatives with Early Exercise Features Solving and Simulating Models with Heterogeneous Agents and Aggregate Uncertainty Numerical Methods for Large-Scale Dynamic Economic Models Advances in Numerical Dynamic Programming and New Applications Analysis of Numerical Errors GPU Computing in Economics Computing All Solutions to Polynomial Equations in Economics.