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Applying General Equilibrium (Cambridge Surveys of Economic Literature) by John Whalley; John B. Shoven is a nonfiction available to read on EtoBox.

What is Applying General Equilibrium (Cambridge Surveys of Economic Literature) about?

The aim of this book is to make more widely available a body of recent research activity that has become known as applied general equilibrium analysis. 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. Numerical, empirically based general equilibrium models can then be used to evaluate concrete policy options by specifying production and demand parameters and incorporating data reflective of real economies. In this book, Shoven and Whalley describe all aspects of developing applied general equilibrium models, including developing an appropriate equilibrium structure, calibrating the model, compiling counterfactual equilibria, and interpreting results. The first two parts of the book develop the techniques required to apply general equilibrium theory to policy evaluations. The final part presents a number of applications made by the authors in their previous research work in public finance, intemational trade, development, regional economics, and energy economics. The authors conte

Who reads Applying General Equilibrium (Cambridge Surveys of Economic Literature)?

Author

John Whalley; John B. Shoven

Publisher

Cambridge University Press (Virtual Publishing)

Published

1992

Language

EN

ISBN

9780521319867

Category

nonfiction

Subjects

Economics, Business