The Structure of Applied General Equilibrium Models
- List Price: $80.00
- Binding: Hardcover
- Publisher: MIT Press
- Publish date: 03/01/2007
- ISBN: 9780262071796
- ISBN10: 0262071797
The book opens with an overview of the competitive model and a review of the standard theory of producer and consumer behavior. It then defines the basic formats used to represent and analyze models. It discusses the main steps used to construct a numerical application and gives a full GAMS application for the simplest model. A disk with GAMS programs is available for use with the book.
The remaining nine chapters present specific models. Topics include international trade, tariffs and quotas, price rigidities, finite-horizon dynamics, infinite-horizon dynamics, externalities, nonconvexities, imperfect competition, and incomplete asset markets.