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Full-Text Articles in Social and Behavioral Sciences
Two Algorithms For Solving The Walrasian Equilibrium Inequalities, Donald J. Brown, Ravi Kannan
Two Algorithms For Solving The Walrasian Equilibrium Inequalities, Donald J. Brown, Ravi Kannan
Cowles Foundation Discussion Papers
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.
Decision Methods For Solving Systems Of Walrasian Inequalities, Donald J. Brown, Ravi Kannan
Decision Methods For Solving Systems Of Walrasian Inequalities, Donald J. Brown, Ravi Kannan
Cowles Foundation Discussion Papers
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.