Title

Decision Methods for Solving Systems of Walrasian Inequalities

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.

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