Download This PaperTwo Algorithms for Solving the Walrasian Equilibrium Inequalities
Cowles Foundation Discussion Paper No. 1508R
Yale University Economic Growth Center Discussion Paper No. 945
10 Pages Posted: 11 Oct 2006
Date Written: October 2006
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.
Keywords: Applied general equilibrium analysis, Walrasian equilibrium inequalities, Calibration
JEL Classification: C63, C68, D51, D58
Suggested Citation: 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: https://ssrn.com/abstract=936632
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