Horridge, Mark; Pearce, David - Centre of Policy Studies and Impact Project (COPS), … - 1988
In this paper we desribe a general equilibrium model of the world economy, designed to simulate the effect of a … countries in 7 agricultural commodities. It also displays several important differences. First, ours is a general equilibrium … model. We argue that the general equilibrium approach makes key assumptions explicit, and can be used to restrict uncertain …