Perfect simulation for models of industry dynamics

B-Tier
Journal: Journal of Mathematical Economics
Year: 2015
Volume: 56
Issue: C
Pages: 9-14

Authors (2)

Kamihigashi, Takashi (Kobe University) Stachurski, John (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In this paper we introduce a technique for perfect simulation from the stationary distribution of a standard model of industry dynamics. The method can be adapted to other, possibly non-monotone, regenerative processes found in industrial organization and other fields of economics. The algorithm we propose is a version of coupling from the past. It is straightforward to implement and exploit the regenerative property of the process in order to achieve rapid coupling.

Technical Details

RePEc Handle
repec:eee:mateco:v:56:y:2015:i:c:p:9-14
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25