Two Algorithms for Solving the Walrasian Equilibrium Inequalities

Donald Brown () and Ravi Kannan ()
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Ravi Kannan: Yale University

Working Papers from Economic Growth Center, 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; calaibration (search for similar items in EconPapers)
JEL-codes: C63 C68 D51 D58 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2006-10
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Working Paper: Two Algorithms for Solving the Walrasian Equilibrium Inequalities (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:egc:wpaper:945

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