The Computation of Counterfactual Equilibria in Homothetic Walrasian Economies
14 Pages Posted: 20 May 2004
Date Written: May 2004
We propose a nonparametric test for multiple calibration of numerical general equilibrium models, and we present an effective algorithm for computing counterfactual equilibria in homothetic Walrasian economies, where counterfactual equilibria are solutions to the Walrasian inequalities.
Keywords: Applied general equilibrium analysis, Walrasian inequalities, Calibration
JEL Classification: C63, C68, D51, D58
Suggested Citation: Suggested Citation
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By Felix Kubler