Two Algorithms for Solving the Walrasian Equilibrium Inequalities

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

A chapter in Computational Aspects of General Equilibrium Theory, 2008, pp 69-77 from Springer

Abstract: 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)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-540-76591-2_6

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DOI: 10.1007/978-3-540-76591-2_6

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