Calibration in applied general equilibrium modelling: The case of rationed households |
| |
Authors: | OJC Cornielje |
| |
Institution: | Free University of Amsterdam, 1007 MC Amsterdam, The Netherlands |
| |
Abstract: | In this paper an adaptation of the general calibration method for applied equilibrium models is proposed which takes into account excess demands or supplies as result of rationing. This adaptation is applied to a multi-level CES-type household. It turns out that the computational burden of this example stays limited as compared with calibration without rationing. |
| |
Keywords: | |
本文献已被 ScienceDirect 等数据库收录! |