Computing equilibria in general equilibrium models via interior-point method
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 InfoPaper provided by Universidad Carlos III de Madrid in its series Open Access publications from Universidad Carlos III de Madrid with number info:hdl:10016/7319.
Length: 173 p.
Date of creation: Mar 2004
Date of revision:
Publication status: Published in Computational Economics (2004-03) v.v. 23, p.147-171
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Web page: http://www.uc3m.es
General equilibrium; Computation of equilibria; Interior-point methods;
Other versions of this item:
- Mercedes Esteban-Bravo, 2004. "Computing Equilibria in General Equilibrium Models via Interior-point Methods," Computational Economics, Society for Computational Economics, vol. 23(2), pages 147-171, 03.
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