Document Type
Discussion Paper
Publication Date
6-1-2003
CFDP Number
1426
CFDP Pages
16
Abstract
We propose a nonparametric approach to multiple calibration of numerical general equilibrium models, where counterfactual equilibria are solutions to the Walrasian inequalities. We present efficient approximation schemes for deciding the solvability of Walrasian inequalities.
Recommended Citation
Brown, Donald J. and Kannan, Ravi, "Indeterminacy, Nonparametric Calibration and Counterfactual Equilibria" (2003). Cowles Foundation Discussion Papers. 1697.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1697
