Comparative Statics in Dynamic Programming Models with an Application to Job Search

Arbeitspapier

This paper presents a technique for qualitative comparative statics analysis in dynamic programming models. Let the value function v be the fixed point of a contraction mapping which depends differentially on some exogenous parameter theta. Then the derivative of v with respect to theta 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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IUI Working Paper ; No. 172

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Optimization Techniques; Programming Models; Dynamic Analysis ; Mobility, Unemployment, Vacancies, and Immigrant Workers: General
• Thema: Qualitative comparative statics analysis ; dynamic programming ; job search model ; Arbeitsmarkt

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Albrecht, James W. ; Holmlund, Bertil ; Lang, Harald
• Ereignis: Veröffentlichung
• (wer): The Research Institute of Industrial Economics (IUI)
• (wo): Stockholm
• (wann): 1986

Weitere Informationen

• Handle: http://hdl.handle.net/10419/95219
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ