.png){kind=icon}
返回
Solving dynamic stochastic models with multiple occasionally binding constraints
.png){kind=icon}
PRE
AI
DOI：10.1016/j.econmod.2021.105636.png)
.png){kind=icon}
原文求助.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
Non-negativity and capacity constraints on accumulation, and price floors, have particular relevance for water, oil, gas, electricity, and other energy commodities. Such constraints are empirically relevant; even if historical records do not include periods where the capacity constraint is binding or where marginal value is zero, a positive probability that such events might occur affects rational accumulation and consumption decisions. In this paper we provide sufficient conditions for non-convergence and sufficient conditions for convergence of a solution algorithm widely used to solve and characterize dynamic models, which is fast if it converges. Our results are useful for policy evaluation based on structural econometric estimation involving large numbers of solutions.
Keyword:
Commodities
Storage capacity
Free disposal
Numerical solutions
DSGE
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
4.7
论文数:
6.6K
被引数:
1.6W
机构
引用论文
Introgressive Hybridization of Smallmouth Bass (Micropterus dolomieui) and Guadalupe Bass (M. treculi).png)
Copeia
CopeiaIF0
PREAI
分享收藏Accuracy of numerical solutions using the Euler equation residuals使用Euler方程残差的数值解的精度ECONOMETRICA
ECONOMETRICAIF7.1
PREAI
分享收藏
Improved service method and its positioning performance of the Galileo satellite clock correction
PREAI
分享收藏
查看更多内容