Testable restrictions on the equilibrium manifold

被引：74

作者：

Brown, DJ ^{[1
]}

Matzkin, RL ^{[1
]}

机构：

[1] NORTHWESTERN UNIV,DEPT ECON,EVANSTON,IL 60208

来源：

ECONOMETRICA | 1996年 / 64卷 / 06期

关键词：

general equilibrium; nonparametric restrictions; quantifier elimination; representative consumer;

D O I：

10.2307/2171830

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We present a finite system of polynomial inequalities in unobservable variables and market data that observations on market prices, individual incomes, and aggregate endowments must satisfy to be consistent with the equilibrium behavior of some pure trade economy. Quantifier elimination is used to derive testable restrictions on finite data sets for the pure trade model. A characterization of observations on aggregate endowments and market prices that are consistent with a Robinson Crusoe's economy is also provided.

引用

页码：1249 / 1262

页数：14

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