Algorithmic foundations of computable general equilibrium theory

K. Vela Velupillai

doi:10.13025/22961

Algorithmic foundations of computable general equilibrium theory

K. Vela Velupillai

Economics

University of Trento

Research output: Contribution to a Journal (Peer & Non Peer) › Article › peer-review

44 Citations (Scopus)

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Abstract

A constructive and recursion theoretic analysis of the standard computable general equilibrium (CGE) model of economic theory is undertaken. It is shown, contrary to widely expressed views and textbook versions of the CGE model, that the standard CGE model is neither computable nor constructive in the strict mathematical senses.

Original language	English
Pages (from-to)	360-369
Number of pages	10
Journal	Applied Mathematics and Computation
Volume	179
Issue number	1
DOIs	https://doi.org/10.13025/22961 https://doi.org/10.1016/j.amc.2005.11.113
Publication status	Published - 1 Aug 2006

Keywords

CGE models
Computability
Constructivity
General equilibrium theory
Mathematical economics

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10.13025/22961Licence: CC BY-NC-ND
10.1016/j.amc.2005.11.113

Paper 0093Accepted author manuscript, 166 KBLicence: CC BY-NC-ND

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KW - Mathematical economics

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Algorithmic foundations of computable general equilibrium theory

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