Two Algorithms for Solving the Walrasian Equilibrium Inequalities

10 Pages Posted: 11 Oct 2006

See all articles by Donald Brown

Donald Brown

Yale University - Cowles Foundation

Ravi Kannan

Yale University - Department of Computer Science

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

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

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)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
115
Abstract Views
1,088
rank
326,055
PlumX Metrics