Decision Methods for Solving Systems of Walrasian Inequalities

We propose two algorithms for deciding if systems of Walrasian 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 systems of Walrasian inequalities.

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Year of publication:	2005-04
Authors:	Brown, Donald J. ; Kannan, Ravi
Institutions:	Cowles Foundation for Research in Economics, Yale University
Subject:	Applied general equilibrium analysis \| Walrasian inequalities \| Calibration

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Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The price is None Number 1508 9 pages
Classification:	C63 - Computational Techniques ; C68 - Computable General Equilibrium Models ; D51 - Exchange and Production Economies ; D58 - Computable and Other Applied General Equilibrium Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005593472