Titlebook: Computational Aspects of General Equilibrium Theory; Refutable Theories o Donald Brown,Felix Kubler Book 2008 Springer-Verlag Berlin Heidel

泥瓦匠

Uniqueness, Stability, and Comparative Statics in Rationalizable Walrasian Markets,the hypothesis that the observed data are Walrasian equilibria in which each price vector is locally stable under tâtonnement. Our main result shows that a finite set of observations of prices, individual incomes and aggregate consumption vectors is rationalizable in an economy with smooth character

ODIUM

The Nonparametric Approach to Applied Welfare Analysis, aggregate consumer demand data with individual quasilinear and homothetic utility functions. Under these conditions, consumer surplus is a valid measure of consumer welfare. For nonmarketed goods, we propose necessary and sufficient conditions on input market data for efficient production, i.e. pro

细微的差异

Competition, Consumer Welfare, and the Social Cost of Monopoly,ot accurately capture the loss in social welfare. In this Article, we suggest an alternative method of measuring the social cost of monopoly. Using elements of general equilibrium theory, we propose a social cost metric where the benchmark is the Pareto optimal state of the economy that uses the lea

一加就喷出

Two Algorithms for Solving the Walrasian Equilibrium Inequalities,ultiple calibration of applied general equilibrium models or they can be used to compute counterfactual equilibria in applied general equilibrium models defined by the Walrasian equilibrium inequalities.

Jingoism

Hearten

BINGE

Lasting

Approximate Versus Exact Equilibria in Dynamic Economies,rogeneous agents and incomplete financial markets. While there are several algorithms that compute prices and allocations for which agents— first-order conditions are approximately satisfied (“approximate equilibria”), there are few results on h interpret the errors in these candidate solutions and

entail

山顶可休息

Time-Dependent Reliability Assessment,ion, choices in spot markets are characterized by a strong axiom of revealed preferences (SSARP)..Under uncertainty Kreps-Porteus preferences impose observable restrictions on portfolio choice if one observes the last period of an individual—s planning horizon. Otherwise there are no restrictions.