Testable Restrictions on the Equilibrium Manifold

We present a finite system of polynomial inequalities in unobservable variables and market data that observations on market prices, individual incomes and aggregate endowments must satisfy to be consistent with the equilibrium behavior of some pure trade economy. Quantifier elimination is used to derive testable propositions on finite data sets for the pure trade model.

MoreLess

Year of publication:	1995-08
Authors:	Brown, Donald J. ; Matzkin, Rosa L.
Institutions:	Cowles Foundation for Research in Economics, Yale University
Subject:	General equilibrium \| nonparametric restrictions \| quantifier elimination

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Econometrica (1996), 64(5): 1249-1262 The price is None Number 1109 24 pages
Classification:	D51 - Exchange and Production Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005087378