Second-Order Sensitivity in Applied General Equilibrium

Second order sensitivity analysis for shape optimization of continuum structures

This study focuses on the optimization of the plane structure. Sequential quadratic programming (SQP) will be utilized, which is one of the most efficient methods for solving nonlinearly constrained optimization problems. A new formulation for the second order sensitivity analysis of the two-dimensional finite element will be developed. All the second order required derivatives will be calculat...

Testing for a unique equilibrium in applied general equilibrium models

This paper introduces a new and computationally inexpensive method to test for uniqueness of equilibrium in exchange economies. ( 1999 Published by Elsevier Science B.V. All rights reserved. JEL classixcation: C63; C68; D58

Sensitivity Analysis for Applied General Equilibrium Models in the Presence of Multiple Equilibria

Pagan and Shannon's (1985) widely used approach employs local linearizations of a system of non-linear equations to obtain asymptotic distributions for the endogenous parameters (such as prices) from distributions over the exogenous parameters (such as estimates of taste, technology, or policy variables, for example). However, this approach ignores both the possibility of multiple equilibria as...

The Structure of Applied General Equilibrium Models

Sensitivity analysis for applied general equilibrium models in the presence of multiple Walrasian equilibria

Pagan and Shannon’s (1985) widely used approach employs local linearizations of a system of non-linear equations to obtain asymptotic distributions for the endogenous parameters (such as prices) from distributions over the exogenous parameters (such as estimates of taste, technology, or policy variables, for example). However, this approach ignores both the possibility of multiple equilibria as...