Econometrica: Nov 1982, Volume 50, Issue 6
A Decomposition Algorithm for General Equilibrium Computation with Application to International Trade Models
Ahsan Mansur, John WhalleyIn this paper we outline the computation of general equilibrium in a pure exchange economy via a fixed point decomposition procedure. For general equilibrium models of the required structure, a full equilibrium may be computed through the solution of a sequence of smaller scale `sub-equilibrium' problems. The text contains a presentation of the methods involved along with a discussion of initial computational experience for some numerical examples.
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