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The Sensitivity Analysis of Applied General Equilibrium Models: Completely Randomized Factorial Sampling Designs

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  • Harrison, Glenn W
  • Vinod, H D

Abstract

The authors propose a method for estimating the population mean of a distribution of solution values from applied general equilibrium models subject to parameter uncertainty. The method is illustrated by demonstrating that the "marginal excess burden" of the U.S. taxation system may be robustly bounded with a high confidence. Copyright 1992 by MIT Press.

Suggested Citation

  • Harrison, Glenn W & Vinod, H D, 1992. "The Sensitivity Analysis of Applied General Equilibrium Models: Completely Randomized Factorial Sampling Designs," The Review of Economics and Statistics, MIT Press, vol. 74(2), pages 357-362, May.
  • Handle: RePEc:tpr:restat:v:74:y:1992:i:2:p:357-62
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