We describe and compare numerical methods used to approximate equilibrium bid functions in models of auctions as games of incomplete information. In such games, private values are modelled as draws from bidder-specific type distributions and pay-your-bid rules are used to determine transactions...

Use of radial basis functions(RBFs) in the numerical solution of partial differential equations has gained popularity as it is meshless and can readily be extended to multi-dimensional problems. RBFs have been used in different context and emerged as a potential alternative for numerical...

This paper describes an accurate, fast and robust fixed point method for computing the stationary wealth distributions in macroeconomic models with a continuum of infinitely-lived households who face idiosyncratic shocks with aggregate certainty. The household wealth evolution is modeled as a...