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Testing for a unique equilibrium in applied general equilibrium models

Author

Listed:
  • Sami Dakhlia

    (Washington-University-in-St.-Louis)

Abstract

This paper introduces a new and computationally inexpensive method to test for uniqueness of equilibrium in exchange economies.

Suggested Citation

  • Sami Dakhlia, 1997. "Testing for a unique equilibrium in applied general equilibrium models," GE, Growth, Math methods 9709002, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpge:9709002
    Note: Type of Document - PostScript; prepared on UNIX Sparc TeX; to print on PostScript; pages: 17 ; figures: included
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    References listed on IDEAS

    as
    1. Kalaba, R. & Tesfatsion, L., 1989. "Nonlocal Automated Sensitivity Analysis," Papers m8911, Southern California - Department of Economics.
    2. 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 677-691, September.
    3. 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.
    4. Mercenier, Jean, 1995. "Nonuniqueness of Solutions in Applied General Equilibrium Models with Scale Economies and Imperfect Competition," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(1), pages 161-177, June.
    5. Mas-Colell,Andreu, 1990. "The Theory of General Economic Equilibrium," Cambridge Books, Cambridge University Press, number 9780521388702, Enero-Abr.
    6. Debreu, Gerard, 1970. "Economies with a Finite Set of Equilibria," Econometrica, Econometric Society, vol. 38(3), pages 387-392, May.
    7. Kehoe, Timothy J., 1991. "Computation and multiplicity of equilibria," Handbook of Mathematical Economics, in: W. Hildenbrand & H. Sonnenschein (ed.), Handbook of Mathematical Economics, edition 1, volume 4, chapter 38, pages 2049-2144, Elsevier.
    8. 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.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

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    JEL classification:

    • 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

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