The Foundations of Computable General EquilibriumTheory

K. Vela Velupillai
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K. Vela Velupillai: Department of Economics, National University of Ireland, Galway

No 93, Working Papers from National University of Ireland Galway, Department of Economics

Abstract: A constructive and recursion theoretic analysis of the standard Computable General Equilibrium (CGE) model of economic theory is undertaken. It is shown, contrary to widely expressed views and textbook versions of the CGE model, that the standard CGE model is neither computable nor constructive in the strict mathematical senses

Keywords: General Equilibrium theory; CGE Models; Mathematical economics; Computability; Constructivity (search for similar items in EconPapers)
JEL-codes: C62 C63 D50 D58 (search for similar items in EconPapers)
Date: 2005, Revised 2005
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