Document Type
Discussion Paper
Publication Date
4-1-2005
CFDP Number
1508
CFDP Pages
9
Abstract
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.
Recommended Citation
Brown, Donald J. and Kannan, Ravi, "Decision Methods for Solving Systems of Walrasian Inequalities" (2005). Cowles Foundation Discussion Papers. 1790.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1790