General equilibrium models and homotopy methods

被引：49

作者：

Eaves, BC ^{[1
]}

Schmedders, K

机构：

[1] Stanford Univ, Dept EESOR, Stanford, CA 94305 USA

[2] Stanford Univ, Hoover Inst, Stanford, CA 94305 USA

来源：

JOURNAL OF ECONOMIC DYNAMICS & CONTROL | 1999年 / 23卷 / 9-10期

关键词：

general equilibria; CGE; AGE; computation; homotopies; tatonnement; instability;

D O I：

10.1016/S0165-1889(98)00073-6

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Our purpose is to argue the inevitable and lasting role which homotopy methods will play in both theoretical and applied economic analysis. The essence of our position is that large equilibrium models are needed to anticipate adjustments in the economy following policy changes or shock events, and that homotopy methods are needed to analyze these equilibrium models. In addition to the computation of equilibria, homotopy methods will play an important role in the study of multiplicity of equilibria, tatonnement, comparative statics, and market instability. (C) 1999 Elsevier Science B.V. All rights reserved.

引用

页码：1249 / 1279

页数：31

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