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Tagged with optimization general-equilibrium
7 questions
2
votes
1
answer
115
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Find the Pareto Efficient set for 3 Leontiefs
I'm struggling with the following General Equilibrium exercise:
Find the Pareto Efficient set for this Pure Exchange Economy;
The consumers are $i = 1,2,3$ with these Leontief utilities:
$u_i(x_{1i},...
- 2,351
2
votes
0
answers
99
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Leontief function nested in a cobb-douglas function for a computable general equilibrium
I am currently trying to build a CGE model, and I'm stuck with the specification of the agriculture sector. I'm trying to understand how to do nested production functions and also how to solve them. I ...
- 31
2
votes
1
answer
864
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How do I find the socially optimum and equilibrium value?
I am struggling with the following question. Could someone please explain how to do it?
People are trying to go to the city centre. A bus takes 1 hour and will always take 1 hour,
unaffected by ...
- 23
6
votes
1
answer
206
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GE with an intermediate good
intro
I'm looking at a simple model with 1 consumer, 2 goods and 2 firms.
I'm trying to get a price vector [p0, p1] that makes it work.
By makes it work, I mean, ...
user34331
4
votes
1
answer
45
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Quantity restriction in model with fixed factor of production
I'm trying to see the effect of a restriction on production in a model where one factor of production is perfectly elastic and the other is fixed.
Specifically, suppose the production function is Cobb-...
- 131
5
votes
2
answers
338
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Arrow-Debreu Theorem of Existence: Non satiation
Let $n$ be the number of consumers and $m$ be the number of commodities.
The Arrow-Debreu theorem requires closed and convex consumption sets $X_i \subset \mathbb{R}^m$ for all buyers $i \in [n]$. ...
- 105
3
votes
0
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129
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Comparing 2 equilibrium values (competitive vs centralized): can I compare only 1st derivative of objective function?
I have a rather complex model where analytical solutions do not seem achievable (I also tried symbolic solving in Matlab and Python and could not find any) so that I cannot get an explicit expression ...
- 31