Advanced Search
MyIDEAS: Login to save this paper or follow this series

A Heterogeneous Agent, Indivisible Labor Model Solved By Means Of Genetic Algorithms

Contents:

Author Info

  • Author James Woods

    (University of California, Davis)

Abstract

In this paper, I develop an algorithm for solving heterogeneous agent dynamic models in which individual decision rules influence each other. This approach is more general than the other heterogeneous agent solution methods in that it only requires a well formed objective function. The key innovation of the algorithm is to parameterize the policy rules of the individuals and then to find the Nash equilibrium in policy rules by using genetic algorithms to evolve optimal policy responses. To illustrate the algorithm, I solve an indivisible labor model without full unemployment insurance that endogenously induces heterogeneous agents.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://128.118.178.162/eps/mac/papers/9907/9907007.doc.gz
Download Restriction: no

Bibliographic Info

Paper provided by EconWPA in its series Macroeconomics with number 9907007.

as in new window
Length: 23 pages
Date of creation: 28 Jul 1999
Date of revision:
Handle: RePEc:wpa:wuwpma:9907007

Note: Type of Document - Word97; pages: 23 ; figures: included
Contact details of provider:
Web page: http://128.118.178.162

Related research

Keywords: Genetic Algorithms; Heterogeneous agents; indivisible labor;

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpma:9907007. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.