Two Algorithms for Solving the Walrasian Equilibrium Inequalities
Yale University - Cowles Foundation
Yale University - Department of Computer Science
Cowles Foundation Discussion Paper No. 1508R
Yale University Economic Growth Center Discussion Paper No. 945
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.
Number of Pages in PDF File: 10
Keywords: Applied general equilibrium analysis, Walrasian equilibrium inequalities, Calibration
JEL Classification: C63, C68, D51, D58working papers series
Date posted: October 11, 2006
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo6 in 0.375 seconds