Title

The Computation of Counterfactual Equilibria in Homothetic Walrasian Economies

Document Type

Discussion Paper

Publication Date

6-1-2003

CFDP Number

1426R

CFDP Revision Date

2004-05-01

CFDP Pages

13

Abstract

We propose a nonparametric test for multiple calibration of numerical general equilibrium models, and we present an effective algorithm for computing counterfactual equilibria in homothetic Walrasian economies, where counterfactual equilibria are solutions to the Walrasian inequalities.

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