Centre for Computational Economics (CCE)

How do we solve and estimate dynamic games with multiple equilibria? How do we structually estimate large-scale dynamic programming equilibrium models? Why use Python for analysis and solving models? What is Julia for economists?

Python codes. Photo: Pixabay

The Centre for Computational Economics (CCE) gathers researchers from both our location at the Department of Economics as well as from external institutions. Our common focal point is our interests in structural micro-econometrics and computational economics. We focus on the computational challenges in economics generally, but pay particular emphasis to research on dynamic games and dynamic programming models as well as their empirical applications to wide range of fields: industrial organization, urban economics, economics of transportation, family economics and labor economics.

Examples of active research areas at CCE includes models of retirement behavior and household consumption of couples, the dynamics of firm competition and investment, as well as the modeling of car ownership, car usage, residential locations and house prices.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The CCE was initiated September 2015. At this page we list publications and working papers of members related to the CCE.

Publications and forthcoming papers

Iskhakov, F., J. Lee, J. Rust, B. Schjerning, K. Seo (2016): Constrained Optimization Approaches to Estimation of Structural Models: Comment.  Econometrica , Volume 84, Issue 1, pages 365–370.

Iskhakov, F., J. Rust and B. Schjerning (2016): Recursive Lexicographical Search: Finding all Markov Perfect Equilibria of Finite State Directional Dynamic Games. Review of Economic Studies, Forthcoming

Jørgensen, T. (2016): Euler Equation Estimation: Children and Credit Constraints. Quantitative Economics, Volume 7, Issue 3, pages 935-968

Druedahl, J. and T. Jørgensen (2016): Persistent vs. Permanent Income Shocks in the Buffer-Stock Model. The B.E. Journal of Macroeconomics (Advances), 7(1)

Iskhakov, F., T. Jørgensen,  J. Rust and B. Schjerning (2017): Estimating Discrete-Continuous Choice Models: The Endogenous Grid Method with Taste Shocks, Quantitative Economics, 8(2), 317–365

Druedahl, J. and T. Jørgensen (2017): A General Endogenous Grid Method for Multi-Dimensional Models with Non-Convexities and Constraints, Journal of Economic Dynamics and Control, 74, 87–107

Working papers

Iskhakov, F.,  J. Rust and B. Schjerning (2015): The Dynamics of Bertrand Price Competition with Cost-Reducing Investments

Ejrnæs, M. and T. Jørgensen (2016): Saving Behavior around Intended and Unintended Childbirths

 

 

 

 

 

 

 

 

 

 

 

 

 

Forskere/gruppemedlemmer

Interne

Name Title Job responsibilities Image
Anders Munk-Nielsen Assistant Professor - Tenure Track Empirical Industrial Organization; Structural Microeconometrics; Health Economics; Discrete Choice; Transportation Economics Billede af Anders Munk-Nielsen
Andrei Matveenko Postdoc information Economics, Rational Inattention, Discrete Choice, Generalized Entropy Models, Bounded Rationality Billede af Andrei Matveenko
Bertel Schjerning Professor Dynamic Discrete Choice Models; Dynamic Equilibrium Models; Dynamic Games with Multiple Equilibria; Computational Methods; Structural Estimation Billede af Bertel Schjerning
Chila Nazeya Firouzi Administrative Officer Purchase; Office Administration; Reception Billede af Chila Nazeya Firouzi
Christian Langholz Carstensen Postdoc Urban Economics; Structural Estimation; Effects of Welfare Expenditure; Dynamic Models; Agent-based Models Billede af Christian Langholz Carstensen
Esben Scriver Andersen PhD Fellow Structural estimation, discrete choices and generalized entropy models (GEM) Billede af Esben Scriver Andersen
Hannes Ullrich Associate Professor Empirical Industrial Organization, Health Economics, Personnel Economics, Discrete Choice Billede af Hannes Ullrich
Jeppe Druedahl Associate Professor Macroeconomic Questions; Models with Uncertainty and Heterogeneity; Micro-level Data; Computational Methods Billede af Jeppe Druedahl
Jesper Riis-Vestergaard Sørensen Assistant Professor - Tenure Track Econometric analysis of cross section and panel data; high-dimensional estimation; generalized entropy models; discrete choice models Billede af Jesper Riis-Vestergaard Sørensen
Mette Ejrnæs Professor Applied Micro Econometrics; Income/earnings Processes; Consumption; Foster Care and Unemployment Insurance Billede af Mette Ejrnæs
Michael Allan Ribers Postdoc Health Economics; Dynamic Discrete Choice; Structural Microeconometrics Billede af Michael Allan Ribers
Mogens Fosgerau Professor Economics of Transportation; Congestion; Information and Entropy; Discrete Choice Econometrics Billede af Mogens Fosgerau
Nikolaj Nielsen Research Assistant Microeconometrics, dynamic programming, economics of education, discrete choice econometrics, demand estimation Billede af Nikolaj Nielsen
Thomas Høgholm Jørgensen Associate Professor Household decision making, structural estimation and applied microeconometrics. Billede af Thomas Høgholm Jørgensen
Young Jun Lee Postdoc Econometrics; 2. Semiparametric and Nonparametric Methods; Optimal Transport; Applied Microeconometrics; Financial Econometrics Billede af Young Jun Lee

Funded by

Danish Council for Independent Research

CCE is funded by the Danish Council for Independent Research

Project: Centre for Computational Economics
Founded in:  September 2015

Contact

Bertel Schjerning
Associate professor
Department of Economics
Phone: +45 35 32 30 65
Mail: bertel.schjerning@econ.ku.dk