Computing Equilibria in General Equilibrium Models via Interior-point Methods
AbstractIn this paper we study new computational methods to find equilibria in general equilibrium models. We first survey the algorithms to compute equilibria that can be found in the literature on computational economics and we indicate how these algorithms can be improved from the computational point of view. We also provide alternative algorithms that are able to compute the equilibria in an efficient manner even for large-scale models, based on interior-point methods. We illustrate the proposed methods with some examples taken from the literature on general equilibrium models.
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Bibliographic InfoArticle provided by Society for Computational Economics in its journal Computational Economics.
Volume (Year): 23 (2004)
Issue (Month): 2 (03)
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- Esteban-Bravo, Mercedes & Vidal-Sanz, Jose M., 2007.
"Computing continuous-time growth models with boundary conditions via wavelets,"
Journal of Economic Dynamics and Control,
Elsevier, vol. 31(11), pages 3614-3643, November.
- Mercedes Esteban-Bravo & Jose M. Vidal-Sanz, 2004. "Computing Continuous-Time Growth Models With Boundary Conditions Via Wavelets," Business Economics Working Papers wb045619, Universidad Carlos III, Departamento de Economía de la Empresa.
- Mercedes Esteban-Bravo, 2004. "An Interior Point Algorithm For Computing Equilibria In Economies With Incomplete Asset Markets," Business Economics Working Papers wb046023, Universidad Carlos III, Departamento de Economía de la Empresa.
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