Document Type
Discussion Paper
Publication Date
5-1-1978
CFDP Number
836
CFDP Pages
45
Abstract
Numerical modeling in the Arrow-Debreu framework has emerged as a consistent approach for economic analysis. A major disadvantage of the applied general equilibrium (AGE) framework has been the high degree of technical expertise required for formulating and solving these models. This paper describes a micro-computer for AGE modeling. The system, named MPS/GE, combines an efficient solution algorithm with an interactive user-interface. Using MPS/GE, models containing up to 300 prices and activities can be formulated and solved on an IBM PC. This makes AGE modeling accessible to a wider group of policy analysts and educators than was previously the case.
Recommended Citation
Rutherford, Thomas, "A Modeling System for Applied General Equilibrium Analysis" (1978). Cowles Foundation Discussion Papers. 1079.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1079