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.
The Foundations of Computable General Equilibrium Theory / Velupillai, K. Vela. - ELETTRONICO. - (2005), pp. 1-21.
The Foundations of Computable General Equilibrium Theory
Velupillai, K. Vela
2005-01-01
Abstract
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.File in questo prodotto:
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