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Applying General Equilibrium

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Overview

The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies.
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Editorial Reviews

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'Given that the authors count as being among the most creative, influential and prolific in this area, one expects that this is going to be a fascinating tour. And, indeed, it is. All aspects of model building and use for policy analysis are discussed and illustrated in elegant and lively style … All this is presented in a masterly way.' Economica
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Product Details

  • ISBN-13: 9780521319867
  • Publisher: Cambridge University Press
  • Publication date: 10/28/2003
  • Series: Surveys of Economic Literature Series
  • Edition description: New Edition
  • Pages: 312
  • Product dimensions: 5.98 (w) x 8.98 (h) x 0.71 (d)

Table of Contents

Preface
1 Introduction 1
Pt. I Techniques
2 General equilibrium theory 9
3 Computing general equilibria 37
Pt. II Applying the techniques
4 Designing an applied general equilibrium model 71
5 Using applied general equilibrium models 103
6 A Harberger tax-model application 134
7 A general equilibrium model of U.S. tax policies 153
Pt. III Policy applications
8 Global trade models 197
9 Single-country trade modeling 230
10 Analysis of price controls 256
11 Conclusion 279
References 283
Index 291
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