A TWO-STEP NUMERICAL METHOD FOR A NONLINEAR INTEGRAL MODEL IN ECONOMIC

In this paper, we present an approximate solution for a specific type of nonlinear Volterra integral equation in which the unknown function is appeared in the integrand and the upper limit of the integration simultaneously. This type of equations mostly appears in optimal replacement models of capital in the firms under technological changes (TC). We restrict our model to the exponential variable and then provide a computational algorithm for solving this problem.