Title

Two Algorithms for Solving the Walrasian Equilibrium Inequalities

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.

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