Two Algorithms for Solving the Walrasian Equilibrium Inequalities

Donald Brown () and Ravi Kannan ()
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Ravi Kannan: Computer Science, Yale University

No 1508R, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: We propose two algorithms for deciding if the Walrasian equilibrium inequalities are solvable. These algorithms may serve as nonparametric tests for multiple calibration of applied general equilibrium models or they can be used to compute counterfactual equilibria in applied general equilibrium models defined by the Walrasian equilibrium inequalities.

Keywords: Applied general equilibrium analysis; Walrasian equilibrium inequalities; Calibration (search for similar items in EconPapers)
JEL-codes: C63 C68 D51 D58 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2005-04, Revised 2006-10
New Economics Papers: this item is included in nep-cmp
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Working Paper: Two Algorithms for Solving the Walrasian Equilibrium Inequalities (2006)
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