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Full-Text Articles in Social and Behavioral Sciences
Implementational Issues And Computational Performance Solving Applied General Equilibrium Models With Slcp, Thomas Rutherford
Implementational Issues And Computational Performance Solving Applied General Equilibrium Models With Slcp, Thomas Rutherford
Cowles Foundation Discussion Papers
This paper reports on an implementation of Mathiesen’s sequential method for solving applied general equilibrium models. In this approach, the underlying nonlinear complementarity problem is solved by successive linearization. The paper discusses model formulation, implementation and performance. Several test problems and empirical models are used to evaluate efficiency and robustness.