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Two Algorithms for Solving the Walrasian Equilibrium Inequalities


Donald Brown


Yale University - Cowles Foundation

Ravi Kannan


Yale University - Department of Computer Science
October 2006

Cowles Foundation Discussion Paper No. 1508R
Yale University Economic Growth Center Discussion Paper No. 945

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.

Number of Pages in PDF File: 10

Keywords: Applied general equilibrium analysis, Walrasian equilibrium inequalities, Calibration

JEL Classification: C63, C68, D51, D58

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Date posted: October 11, 2006  

Suggested Citation

Brown, Donald J. and Kannan, Ravi, Two Algorithms for Solving the Walrasian Equilibrium Inequalities (October 2006). Cowles Foundation Discussion Paper No. 1508R; Yale University Economic Growth Center Discussion Paper No. 945. Available at SSRN: http://ssrn.com/abstract=936632

Contact Information

Donald J. Brown (Contact Author)
Yale University - Cowles Foundation ( email )
Box 208281
New Haven, CT 06520-8281
United States
Ravi Kannan
Yale University - Department of Computer Science ( email )
Box 208285
New Haven, CT 06520-8285
United States
203-432-1228 (Phone)
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