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Implementational Issues and Computational Performance Solving Applied General Equilibrium Models with SLCP

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Abstract

This paper reports on an implementation of Mathiesen's sequential method for solving applied general equilibrium models. In this approach, the underlying nonlinear complementarity problem is solved by successive linearization. The paper discusses model formulation, implementation and performance. Several test problems and empirical models are used to evaluate efficiency and robustness.

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  • Thomas Rutherford, 1987. "Implementational Issues and Computational Performance Solving Applied General Equilibrium Models with SLCP," Cowles Foundation Discussion Papers 837, Cowles Foundation for Research in Economics, Yale University.
    • Handle: RePEc:cwl:cwldpp:837
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    File URL: https://cowles.yale.edu/sites/default/files/files/pub/d08/d0837.pdf
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    References listed on IDEAS

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    1. Byong-Hun Ahn & William W. Hogan, 1982. "On Convergence of the PIES Algorithm for Computing Equilibria," Operations Research, INFORMS, vol. 30(2), pages 281-300, April.
    2. Thomas Rutherford, 1987. "A Modeling System for Applied General Equilibrium Analysis," Cowles Foundation Discussion Papers 836, Cowles Foundation for Research in Economics, Yale University.
    3. Meeraus, Alexander, 1983. "An algebraic approach to modeling," Journal of Economic Dynamics and Control, Elsevier, vol. 5(1), pages 81-108, February.
    4. Pearson, K. R., 1988. "Automating the computation of solutions of large economic models," Economic Modelling, Elsevier, vol. 5(4), pages 385-395, October.
    5. N/A, 1985. "General Policy," India Quarterly: A Journal of International Affairs, , vol. 41(1), pages 74-79, January.
    6. N/A, 1985. "General Policy," India Quarterly: A Journal of International Affairs, , vol. 41(1), pages 112-117, January.
    7. Shoven, John B. & Whalley, John, 1972. "A general equilibrium calculation of the effects of differential taxation of income from capital in the U.S," Journal of Public Economics, Elsevier, vol. 1(3-4), pages 281-321, November.
    8. Ballard, Charles L. & Fullerton, Don & Shoven, John B. & Whalley, John, 2009. "A General Equilibrium Model for Tax Policy Evaluation," National Bureau of Economic Research Books, University of Chicago Press, number 9780226036335, August.
    9. John B. Shoven & John Whalley, 1973. "General Equilibrium with Taxes: A Computational Procedure and an Existence Proof," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 40(4), pages 475-489.
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    Cited by:

    1. Ian Sue Wing, 2000. "Limiting CO2 Emissions in a Federal System: Understanding and Mitigating the Cost of U.S. Climate Policy At the State Level," Regional and Urban Modeling 283600093, EcoMod.
    2. Wing, Ian Sue, 2006. "The synthesis of bottom-up and top-down approaches to climate policy modeling: Electric power technologies and the cost of limiting US CO2 emissions," Energy Policy, Elsevier, vol. 34(18), pages 3847-3869, December.
    3. Ian Sue Wing, 2005. "The Synthesis of Bottom-Up and Top-Down Approaches to Climate Policy Modeling: Electric Power Technologies and the Cost of Limiting U.S. CO2 Emissions," Computing in Economics and Finance 2005 21, Society for Computational Economics.

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