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.
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© 2008 Springer-Verlag Berlin Heidelberg
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Brown, D.J., Kannan, R. (2008). Two Algorithms for Solving the Walrasian Equilibrium Inequalities. In: Computational Aspects of General Equilibrium Theory. Lecture Notes in Economics and Mathematical Systems, vol 604. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-76591-2_6
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DOI: https://doi.org/10.1007/978-3-540-76591-2_6
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-76590-5
Online ISBN: 978-3-540-76591-2
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