Abstract
A new global optimization algorithm simulated annealing, is tested on a difficult econometric problem. We find that simulated annealing performs better than conventional algorithms.
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Goffe, W.L., Ferrier, G.D. & Rogers, J. Simulated annealing: An initial application in econometrics. Computer Science in Economics and Management 5, 133–146 (1992). https://doi.org/10.1007/BF00436486
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DOI: https://doi.org/10.1007/BF00436486