IDEAS home Printed from https://ideas.repec.org/h/spr/sptchp/978-3-662-54893-6_3.html
   My bibliography  Save this book chapter

A Simple General Equilibrium Model

In: Applied General Equilibrium

Author

Listed:
  • Manuel Alejandro Cardenete

    (Universidad Loyola AndalucĂ­a)

  • Ana-Isabel Guerra

    (Universidad de Granada)

  • Ferran Sancho

    (Universitat Autònoma de Barcelona)

Abstract

The model we describe in this chapter is a skeleton model upon which more in depth specifications will be developed later. Our purpose is to lay out in a very transparent way the main structure of the basic model and we do so by omitting almost all the details that would play a significant role in dealing with real life policy applications. The simple model corresponds to an economy with no government and no foreign trade. The absence of government means that no economic activity is taxed and no government spending is allowed. In a similar vein, all goods are produced and consumed within the country with no domestic goods being diverted abroad as exports and no foreign goods being hauled into the country as imports. The only economic agents are households (or consumers) and firms (or producers).

Suggested Citation

  • Manuel Alejandro Cardenete & Ana-Isabel Guerra & Ferran Sancho, 2017. "A Simple General Equilibrium Model," Springer Texts in Business and Economics, in: Applied General Equilibrium, edition 2, chapter 3, pages 35-54, Springer.
  • Handle: RePEc:spr:sptchp:978-3-662-54893-6_3
    DOI: 10.1007/978-3-662-54893-6_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sptchp:978-3-662-54893-6_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.