Publisher Summary This chapter discusses the basic equilibrium model called “computable
general equilibrium (CGE) model,” and describes some of its use in policy analysis. The …

Publisher Summary In recent years the Walrasian general equilibrium model has become
an important tool for applied work in such fields as development economics, international …

For many years it was fashionable to treat macroeconomics and microeconomics as
separate subjects without looking too deeply at the relationship between the two. But in the …

Ongoing questions on the historical mean and standard deviation of the return on equities
and bonds and on the equilibrium demand for these securities are addressed in the context …

Do the implications for business cycle issues change when we switch from studying infinitely-
lived, representative-agent models to more sophisticated demographic structures with …

Handbook of mathematical economics | Wageningen University and Research Library catalog
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This monograph is a systematic exposition of the authors' research on general equi librium
models with an infinite number of commodities. It is intended to serve both as a graduate text …

The economic theory of general equilibrium underpins the most important models used in
economic theory in general and in its more specialized areas such as macroeconomics …

This paper analyzes the existence, uniqueness, and stability of a steady-state equilibrium in
an overlapping-generations model with productive capital. It is shown that for any feasible …

The discipline of economics is generally defined as the science of the allocation of scarce
resources between competing social objectives. Given an initial distribution of resources …