Abstract
Since the time of Leon Walras (1834–1910), describing the economy as systems of simultaneous equations has been a customary task of economists. They are broadly called general equilibrium models, though there are several variations among them. In this chapter we describe a method of obtaining numerical solutions of these models with Mathematica. In addition, we show how Mathematica can depict various aspects of these models graphically.
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© 1993 Springer Science+Business Media New York
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Noguchi, A. (1993). General Equilibrium Models. In: Varian, H.R. (eds) Economic and Financial Modeling with Mathematica®. Springer, New York, NY. https://doi.org/10.1007/978-1-4757-2281-9_5
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DOI: https://doi.org/10.1007/978-1-4757-2281-9_5
Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4757-2283-3
Online ISBN: 978-1-4757-2281-9
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