Frontiers in Applied General Equilibrium Modeling: In Honor of Herbert Scarf

ISBN-13: 9780521825252 / Angielski / Twarda / 2005 / 450 str.

T. N. Srinivasan; Timothy Jerome Kehoe; John Whalley

Opis

This volume brings together twelve papers by many of the most prominent applied general equilibrium modelers honoring Herbert Scarf. The contributors discuss some traditional as well as more contemporary topics in the field, including non-convexities in economy-wide models, tax policy, developmental modeling and energy modeling. The book also covers a range of new approaches, conceptual issues and computational algorithms. An introductory chapter written by the editors maps out issues and scenarios for the future evolution of applied general equilibrium.

Recenzje

Review of the hardback: 'The list of contributors to this book is impressive (including the two Nobel prize winners Arrow and Heckman) and the range of topics is broad … The title of the book covers its content very well: the book is clearly aimed at readers interested in the frontiers of applied research in the field of general equilibrium models.' De Economist

Spis treści

List of contributors; Acknowledgements; Introduction Timothy J. Kehoe, T. N. Srinivasan and John Whalley; Part I. General Equilibrium Theory: 1. Personal reflections on applied general equilibrium models Kenneth J. Arrow; 2. Uniqueness of equilibrium in the multi-country Ricardo model Herbert Scarf and Charles A. Wilson; Part II. Computational Methods: 3. Solving dynamic stochastic competitive general equilibrium models Kenneth L. Judd; 4. Mathematical programs with equilibrium constraints: automatic reformulation and solution via constrained optimization Michael C. Ferris, Steven P. Dirske and Alexander Meeraus; Part III. Macroeconomics and Finance: 5. Nonconvexities in quantitative general equilibrium studies of business cycles Edward C. Prescott; 6. Lotteries for consumers versus lotteries for firms Lard Ljungqvist and Thomas J. Sargent; 7. Default and aggregate fluctuations in storage economies Makoto Nakajima and José Víctor Ríos-Rull; 8. New applications of general equilibrium to finance: default and collateral Aloisio Araujo and Mário Páscoa; Part IV. Public Finance, Development and Climate Change: 9. Efficient taxation of income Dale W. Jorgenson and Kun-Young Yun; 10. Representative versus real households in the macroeconomic modeling of inequality François Bourguignon, Anne-Sophie Robilliard and Sherman Robinson; 11. General equilibrium modeling for global climate change Alan S. Manne; Part V. General Equilibrium Restrictions and Estimation of Hedonic Models: 12. Simulation and estimation of hedonic models James Heckman, Rosa Matzkin and Lars Nesheim; Part VI. Policy Uses and Performance of AGE Models: 13. An evaluation of the performance of applied general equilibrium models of the impact of NAFTA Timothy J. Kehoe; 14. Decompositional analysis using numerical equilibrium models: illustrations from trade literature Lisandro Abrego and John Whalley; 15. The influence of computable general equilibrium models on policy Shantayanan Devarajan and Sherman Robinson; Index.