Skip navigation
Skip navigation

Perfect simulation for models of industry dynamics

Kamihigashi, Takashi; Stachurski, John


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.

CollectionsANU Research Publications
Date published: 2015-01
Type: Journal article
Source: Journal of Mathematical Economics
DOI: 10.1016/j.jmateco.2014.11.004


File Description SizeFormat Image
Kamihigashi et al Perfect simulation for models 2014.pdf245.33 kBAdobe PDFThumbnail

Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  20 July 2017/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator