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?
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.
CCE’s main activities are dedicated seminars, meetings, workshops, incoming visits, and PhD courses. CCE also provides access to computational facilities.
The Centre is headed by Bertel Schjerning, Associate Professor of Economics at University of Copenhagen. We count 11 members involving both permanent faculty and PhD students from the Department of Economics. Our associated members join us from universities both within Denmark and abroad and share our interest in structural estimation of dynamic models and dynamic games.
Funding is provided by a research grant from the Danish Council for Independent Research and the Department of Economics at the University of Copenhagen. CCE supports research in all areas of computational economics and provides computational facilities and a forum for Danish researchers to interact and conduct research.
CCE organizes a weekly seminar, usually on Tuesdays from 13:00 to 14:15. These seminars are open to everyone. The place of the seminar is usually Øster Farimagsgade 5, building 26 , Room 26.2.21.
The seminar covers topics from all research fields in structural econometrics and computational economics including theoretical, empirical, methodological issues.
The CCE seminars is a continuation of the regular meetings in the NUerical Methods DIscussion Group (NUMEDIG) that has been running since 2013 - based at the Department of Economics, University of Copenhagen. Future meetings are announced here while former gatherings are archived at our external NUMEDIG meeting webpage.
If you would like to give a talk or if you have additional ideas on topics you think others should talk about, please write to Bertel Schjerning or Thomas H. Jørgensen.
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. Quantitaive 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, Quantitaive 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
| Name | Title | Job responsibilities | Image |
|---|---|---|---|
| Anders Munk-Nielsen | Assistant professor, tenure track | Empirical Industrial Organization; Structural Microeconometrics; Health Economics; Discrete Choice; Transportation Economics |
|
| Andrei Matveenko | Postdoc | information Economics, Rational Inattention, Discrete Choice, Generalized Entropy Models, Bounded Rationality |
|
| Bertel Schjerning | Professor with special responsibilities | Dynamic Discrete Choice Models; Dynamic Equilibrium Models; Dynamic Games with Multiple Equilibria; Computational Methods; Structural Estimation |
|
| Chila Nazeya Firouzi | Clerical officer | Purchase; Office Administration; Reception |
|
| Christian Langholz Carstensen | Postdoc | Urban Economics; Structural Estimation; Effects of Welfare Expenditure; Dynamic Models; Agent-based Models |
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| Esben Scriver Andersen | PhD fellow | Structural estimation, discrete choices and generalized entropy models (GEM) |
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| Hannes Ullrich | Associate professor | Empirical Industrial Organization, Health Economics, Personnel Economics, Discrete Choice |
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| Jeppe Druedahl | Associate professor | Macroeconomic Questions; Models with Uncertainty and Heterogeneity; Micro-level Data; Computational Methods |
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| Jesper Riis-Vestergaard Sørensen | Assistant professor, tenure track | Cross-Sectional as well as Panel Data Econometrics, Semiparametric and High-Dimensional Estimation,Nonparametric Identification, Specification Tests for Semiparametric Models, Generalized Entropy Models, Discrete Choice Models |
|
| Mette Ejrnæs | Professor | Applied Micro Econometrics; Income/earnings Processes; Consumption; Foster Care and Unemployment Insurance |
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| Michael Allan Ribers | Postdoc | Health Economics; Dynamic Discrete Choice; Structural Microeconometrics |
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| Mogens Fosgerau | Professor | Economics of Transportation; Congestion; Information and Entropy; Discrete Choice Econometrics |
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| Nikolaj Nielsen | PhD fellow | Microeconometrics, dynamic programming, economics of education, discrete choice econometrics, demand estimation |
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| Thomas Høgholm Jørgensen | Associate professor | Household decision making, structural estimation and applied microeconometrics. |
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| Young Jun Lee | Postdoc | Econometrics; 2. Semiparametric and Nonparametric Methods; Optimal Transport; Applied Microeconometrics; Financial Econometrics |
|
Funded by
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