Solution and econometric estimation of spatial dynamic models in continuous space and continuous time |
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| Authors: | Kieran P. Donaghy |
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| Affiliation: | (1) Department of Urban and Regional Planning, University of Illinois at Urbana-Champaign, 111 Temple Hoyne Buell Hall, 611 East Lorado Taft Drive, Champaign, Illinois 61820, USA (e-mail: donaghy@uiuc.edu), US |
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| Abstract: | This paper presents and demonstrates a general approach to solving spatial dynamic models in continuous space and continuous time that characterize the behaviour of intertemporally and interspatially optimizing agents and estimating from discrete data the parameters of such models. The approach involves the use of a projection method to solve the models and a quasi-Newton algorithm to update quasi-FIML parameter estimates. Received: 26 July 2000 / Accepted: 31 January 2001 |
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| Keywords: | : Spatial dynamics, continuous-time econometrics |
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