Advertisement

Two Algorithms for Solving the Walrasian Equilibrium Inequalities

  • Donald J. Brown
  • Ravi Kannan
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 604)

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.

Key words

Applied general equilibrium analysis Walrasian equilibrium inequalities Calibration 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Springer-Verlag Berlin Heidelberg 2008

Authors and Affiliations

  • Donald J. Brown
    • 1
  • Ravi Kannan
    • 1
  1. 1.Yale UniversityNew Haven

Personalised recommendations