Testing for a unique equilibrium in applied general equilibrium models
This paper introduces a new and computationally inexpensive method to test for uniqueness of equilibrium in exchange economies.
|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://econwpa.repec.org|
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.:
- Mas-Colell,Andreu, 1990.
"The Theory of General Economic Equilibrium,"
Cambridge University Press, number 9780521388702, Junio.
- Timothy J. Kehoe, 1991.
"Computation and multiplicity of equilibria,"
460, Federal Reserve Bank of Minneapolis.
- Mercenier, Jean, 1995.
"Nonuniqueness of Solutions in Applied General Equilibrium Models with Scale Economies and Imperfect Competition,"
Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(1), pages 161-77, June.
- Jean Mercenier, 1994. "Nonuniqueness of solutions in applied general equilibrium models with scale economies and imperfect competition," Staff Report 183, Federal Reserve Bank of Minneapolis.
- Debreu, Gerard, 1970.
"Economies with a Finite Set of Equilibria,"
Econometric Society, vol. 38(3), pages 387-92, May.
- Kalaba, R. & Tesfatsion, L., 1989.
"Nonlocal Automated Sensitivity Analysis,"
m8911, Southern California - 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.
- 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.
When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpge:9709002. See general information about how to correct material in RePEc.
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.