Decision Methods for Solving Systems of Walrasian Inequalities

10 Pages Posted: 27 Apr 2005

See all articles by Donald Brown

Donald Brown

Yale University - Cowles Foundation

Ravi Kannan

Yale University - Department of Computer Science

Date Written: April 2005

Abstract

We propose two algorithms for deciding if systems of Walrasian 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 systems of Walrasian inequalities.

Keywords: Applied general equilibrium analysis, Walrasian inequalities, Calibration

JEL Classification: C63, C68, D51, D58

Suggested Citation

Brown, Donald J. and Kannan, Ravi, Decision Methods for Solving Systems of Walrasian Inequalities (April 2005). Available at SSRN: https://ssrn.com/abstract=711963

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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