Decision Methods for Solving Systems of Walrasian Inequalities
10 Pages Posted: 27 Apr 2005
Date Written: April 2005
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: Suggested Citation
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By Felix Kubler