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Empirical Evidence On General Equilibrium

In: General Equilibrium Theory and Evidence

Author

Listed:
  • W. D. A. Bryant

    (Macquarie University, Australia)

Abstract

The following sections are included:IntroductionTesting general equilibrium theoryPreliminaries and basic issuesTesting for general equilibrium using microeconomic dataParametric tests of consumer theoryNon-parametric tests of consumer theoryExperimental tests of consumer theorySummary of consumer theory testsTesting producer behaviourParametric testsNon-parametric tests of WPTTesting for market clearing: commodity and labour market studiesTesting for market clearing: The weak axiom of revealed equilibriumTesting for market clearing: General equilibrium models and macroeconomic dataTesting for market clearing: Dynamic stochastic general equilibrium modelsTesting for market clearing: The housing marketConclusion

Suggested Citation

  • W. D. A. Bryant, 2009. "Empirical Evidence On General Equilibrium," World Scientific Book Chapters, in: General Equilibrium Theory and Evidence, chapter 11, pages 356-423, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812818355_0011
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    More about this item

    Keywords

    General Equilibrium; Existence; Uniqueness; Stability; Optimality; Comparative Statics; Empirical Implications;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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