The Computation of Counterfactual Equilibria in Homothetic Walrasian Economies

14 Pages Posted: 20 May 2004

See all articles by Donald Brown

Donald Brown

Yale University - Cowles Foundation

Ravi Kannan

Yale University - Department of Computer Science

Date Written: May 2004

Abstract

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

Brown, Donald J. and Kannan, Ravi, The Computation of Counterfactual Equilibria in Homothetic Walrasian Economies (May 2004). Available at SSRN: https://ssrn.com/abstract=548302

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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