Document Type
Discussion Paper
Publication Date
4-1-2005
CFDP Number
1508R
CFDP Revision Date
2006-10-01
CFDP Pages
9
Abstract
We propose two algorithms for deciding if the Walrasian equilibrium 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 the Walrasian equilibrium inequalities.
Recommended Citation
Brown, Donald J. and Kannan, Ravi, "Two Algorithms for Solving the Walrasian Equilibrium Inequalities" (2005). Cowles Foundation Discussion Papers. 1791.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1791