COMPARATIVE STATICS IN DYNAMIC-PROGRAMMING MODELS WITH AN APPLICATION TO JOB SEARCH

被引：13

作者：

ALBRECHT, JW

HOLMLUND, B

LANG, H

机构：

[1] UNIV UPPSALA,S-75105 UPPSALA,SWEDEN

[2] UNIV STOCKHOLM,S-10691 STOCKHOLM,SWEDEN

来源：

JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 1991年 / 15卷 / 04期

基金：

美国国家科学基金会;

关键词：

D O I：

10.1016/0165-1889(91)90043-Z

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper presents a technique for qualitative comparative statics analysis in dynamic programming models. Let the value function υ be the fixed point of a contraction mapping which depends differentiably on some exogenous parameter θ. Ten the derivative of υ with respect to θ exists and is also the fixed point of a contraction mapping. Since this derivative is the fixed point of a contraction mapping, its qualitative properties can be investigated using mathematical induction. This comparative statics methodology is illustrated with an application to a model of job search. © 1991.

引用

页码：755 / 769

页数：15

共 9 条

[1] JOB SEARCH AND YOUTH UNEMPLOYMENT - ANALYSIS OF SWEDISH DATA [J].