An alternative methodology for solving nonlinear forward-looking models

Article Abstract:

The solution of nonlinear forward-looking models have become more crucial in modelling intertemporal economic dynamics. However, the integration of forward expectations specifications requires complicated solution techniques. To address this problem, a new method for solving nonlinear forward-looking models was developed based on a relaxation algorithm developed by Jean-Pierre Laffargue and theoretically grounding on a general multivariate linear model. Tests of the model show that it is mathematically robust.

Research, Models, Economics, Nonlinear theories

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Dynamic Cournot-competitive harvesting of a common pool resource

Article Abstract:

An analysis of a variant of the classical harvesting game, where a number of competing agents simultaneously harvest a common-pool natural resource is carried out. The development in the number of active participants is outlined, and the stability criteria for a dynamic Cournot-competitive game are given.

Scientific Research and Development Services, Management dynamics, Development, Economic Programs-Total Govt, Administration of Economic Programs, Crop harvesting, Crop Harvesting, Primarily by Machine, Management, Economic aspects, Natural resources, Economic development, Company business management, Harvesting, Natural resources industry software

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