Koch, Karl-Josef; Trimborn, Timo; Steger, Thomas M. - Fakultät Wirtschaftswissenschaften, … - 2005
We propose the relaxation algorithm as a simple and powerful method for simulating the transition process in growth … procedure is fairly user friendly. The only input required consists of the dynamic system. (3) The variant of the relaxation … algorithm we propose exploits in a natural manner the infinite time horizon, which usually underlies optimal control problems in …