Localized Technological Change and Path-Dependent Growth (1998)
Andrea P. Bassanini, Giovanni Dosi, Ken Judd, Yuri Kaniovski, Mordecai Kurz, Giancarlo Marini, ...
In recent years the theory of macroeconomic growth has seen an expanding literature building upon the idea that technological change is localized (technology-specific) to investigate various...
A Computational Approach to Proving Uniqueness in Dynamic Games
Dynamic games are used to analyze dynamic strategic interactions. While existence of equilibrium can often be proved by conventional methods, uniqueness is much more difficult to establish. If a game...
A New Optimization Approach to Maximum Likelihood Estimation of Structural Models
Maximum likelihood estimation of structural models is regarded as computationally difficult by many who want to apply the Nested Fixed-Point approach. We present a direct optimization approach to the...
Optimal Policies for Patent Races
Ken Judd, Karl Schmedders, Sevin Yeltekin
patent race, dynamic game, heterogeneous firms