Document Type
Discussion Paper
Publication Date
8-1-1995
CFDP Number
1109
CFDP Pages
24
Abstract
We present a finite system of polynomial inequalities in unobservable variables and market data that observations on market prices, individual incomes and aggregate endowments must satisfy to be consistent with the equilibrium behavior of some pure trade economy. Quantifier elimination is used to derive testable propositions on finite data sets for the pure trade model.
Recommended Citation
Brown, Donald J. and Matzkin, Rosa L., "Testable Restrictions on the Equilibrium Manifold" (1995). Cowles Foundation Discussion Papers. 1352.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1352