Testing for a unique equilibrium in applied general equilibrium models
AbstractThis paper introduces a new and computationally inexpensive method to test for uniqueness of equilibrium in exchange economies.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by EconWPA in its series GE, Growth, Math methods with number 9709002.
Length: 17 pages
Date of creation: 18 Sep 1997
Date of revision:
Note: Type of Document - PostScript; prepared on UNIX Sparc TeX; to print on PostScript; pages: 17 ; figures: included
Contact details of provider:
Web page: http://184.108.40.206
critical equilibria multiplicity uniqueness computation applied general equilibrium models delta method jumps catastrophy;
Other versions of this item:
- Dakhlia, Sami, 1999. "Testing for a unique equilibrium in applied general equilibrium models," Journal of Economic Dynamics and Control, Elsevier, vol. 23(9-10), pages 1281-1297, September.
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jean Mercenier, 1994.
"Nonuniqueness of solutions in applied general equilibrium models with scale economies and imperfect competition,"
183, Federal Reserve Bank of Minneapolis.
- Mercenier, Jean, 1995. "Nonuniqueness of Solutions in Applied General Equilibrium Models with Scale Economies and Imperfect Competition," Economic Theory, Springer, vol. 6(1), pages 161-77, June.
- Timothy J. Kehoe, 1991.
"Computation and multiplicity of equilibria,"
460, Federal Reserve Bank of Minneapolis.
- Kalaba, Robert E. & Tesfatsion, Leigh S., 1990.
"Nonlocal Automated Sensitivity Analysis,"
Staff General Research Papers
11191, Iowa State University, Department of Economics.
- Kehoe, Timothy J. & Whalley, John, 1985. "Uniqueness of equilibrium in large-scale numerical general equilibrium models," Journal of Public Economics, Elsevier, vol. 28(2), pages 247-254, November.
- Debreu, Gerard, 1970. "Economies with a Finite Set of Equilibria," Econometrica, Econometric Society, vol. 38(3), pages 387-92, May.
- Smale, Steve, 1976. "A convergent process of price adjustment and global newton methods," Journal of Mathematical Economics, Elsevier, vol. 3(2), pages 107-120, July.
- Fullerton, Don, et al, 1981. "Corporate Tax Integration in the United States: A General Equilibrium Approach," American Economic Review, American Economic Association, vol. 71(4), pages 677-91, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA).
If references are entirely missing, you can add them using this form.