| 11. | The team maintains a global computable general equilibrium model, which uses the GTAP database.
|
| 12. | In general equilibrium, the variation which involves infinite capital accumulation paths can be applied.
|
| 13. | The Armington assumption has become a standard assumption of international computable general equilibrium models.
|
| 14. | The Edgeworth box is used frequently in general equilibrium theory.
|
| 15. | General equilibrium is designed to investigate such interactions between markets.
|
| 16. | The theorem has many applications in optimal control and in a general equilibrium context.
|
| 17. | In the general equilibrium model savings must equal investment for the economy to clear.
|
| 18. | Walras also went as far as developing the concept of general equilibrium of an economy.
|
| 19. | That work that led him to be considered the father of the general equilibrium theory.
|
| 20. | Frank Hahn defends general equilibrium modeling on the grounds that it provides a negative function.
|
