The Foundations of Computable General Equilibrium Theory

Velupillai, K. Vela (2005) The Foundations of Computable General Equilibrium Theory. UNSPECIFIED. (Unpublished)

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    A constructive and recursion theoretic analysis of the standard Computable General Equilibrium (CGE) model of economic theory is undertaken. It is shown, contrary to widely expressed views and textbook versions of the CGE model, that the standard CGE model is neither computable nor constructive in the strict mathematical senses.

    Item Type: Departmental Technical Report
    Department or Research center: Economics
    Subjects: H Social Sciences > HB Economic Theory > HB135 Mathematical economics. Quantitative methods
    Uncontrolled Keywords: General Equilibrium theory, CGE Models, Mathematical economics, Computability, Constructivity
    Report Number: 13
    Repository staff approval on: 13 Dec 2005

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