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Notes and Problems in Applied General Equilibrium Economics, North Holland; Dixon, Peter (2006). Evidence-based Trade Policy Decision Making in Australia and the Development of Computable General Equilibrium Modelling, CoPS/IMPACT Working Paper Number G-163; Dixon, Peter and Dale W. Jorgenson, ed. (2013).
The structural equilibrium model is a matrix-form computable general equilibrium model in new structural economics. [30] [31] This model is an extension of the John von Neumann's general equilibrium model (see Computable general equilibrium for details). Its computation can be performed using the R package GE.
Input–output accounts are part and parcel to a more flexible form of modelling, computable general equilibrium models [a]. Two additional difficulties are of interest in transportation work. There is the question of substituting one input for another, and there is the question about the stability of coefficients as production increases or ...
AGE models, being based on Arrow–Debreu general equilibrium theory, work in a different manner than CGE models.The model first establishes the existence of equilibrium through the standard Arrow–Debreu exposition, then inputs data into all the various sectors, and then applies Scarf’s algorithm (Scarf 1967a, 1967b and Scarf with Hansen 1973) to solve for a price vector that would clear ...
Dynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a macroeconomic method which is often employed by monetary and fiscal authorities for policy analysis, explaining historical time-series data, as well as future forecasting purposes. [1]
Peter Bishop Dixon AO FASSA (born 23 July 1946) [1] is an Australian economist known for his work in general equilibrium theory and computable general equilibrium models. [2] He has published several books and more than two hundred academic papers on economic modelling and economic policy analysis .
In mathematical economics, the Arrow–Debreu model is a theoretical general equilibrium model. It posits that under certain economic assumptions ( convex preferences , perfect competition , and demand independence), there must be a set of prices such that aggregate supplies will equal aggregate demands for every commodity in the economy.
A Festschrift in Vela Velupillai's honour, Computable, Constructive and Behavioural Economic Dynamics, [3] edited by Stefano Zambelli, was published by Routledge. A Special Issue of the journal New Mathematics and Natural Computation , edited by Shu-Heng, in honour of Vela Velupillai, was published in March 2012.