Computable general equilibrium (CGE) models are a class of economic models that use actual economic data to estimate how an economy might react to changes in policy, technology or other external factors. CGE models are also referred to as AGE (applied general equilibrium) models. A CGE model consists of equations describing model variables and a database (usually very detailed) consistent with these model equations. The equations tend to be neoclassical in spirit, often assuming cost-minimizing behaviour by producers, average-cost pricing, and household demands based on optimizing behaviour.
CGE models are useful whenever we wish to estimate the effect of changes in one part of the economy upon the rest. They have been used widely to analyse trade policy. More recently, CGE has been a popular way to estimate the economic effects of measures to reduce greenhouse gas emissions.
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Computablegeneralequilibrium (CGE) models are a class of economic models that use actual economic data to estimate how an economy might react to changes...
ComputableGeneralEquilibrium Modelling (2 volumes). North-Holland. ——, with Jerie, Michael; Rimmer, Maureen T. (2018). Trade Theory in Computable General...
equilibrium applies not just to perfectly competitive markets, but to monopolistic competition, oligopoly, monopoly and monopsony. Computablegeneral...
stochastic generalequilibrium models contrast with the static models studied in applied generalequilibrium models and some computablegeneralequilibrium models...
rational and representative agents, nor market equilibrium in the long term. Computablegeneralequilibrium (CGE) models are a class of economic models that...
"Global Applied GeneralEquilibrium Analysis Using the Global Trade Analysis Project Framework". Handbook of ComputableGeneralEquilibrium Modeling. 1:...
account and this matrix counterpart. SAMs form the backbone of computablegeneralequilibrium (CGE) Models and various types of empirical multiplier models...
Garbage Out". James Stanford outlines this issue for the specific ComputableGeneralEquilibrium ("CGE") models that were introduced as evidence into the public...
European Forum in 2021 Caudal Ganglionic Eminence, in neuroscience Computablegeneralequilibrium models, in economics The IATA code for Cambridge–Dorchester...
into economic models of international trade such as the GTAP ComputableGeneralEquilibrium Model. Such a model can be used to study the economic implications...
previously accumulated interest. Contrast simple interest. computablegeneralequilibrium (CGE) A class of economic models that use actual economic data...
disturbances over time. A methodology that pre-dates DSGE modeling is computablegeneralequilibrium (CGE) modeling. Like DSGE models, CGE models are often microfounded...
long-run impact of coups on Fiji's economy: evidence from a computablegeneralequilibrium model". Journal of International Development. 19 (2): 149–160...
topics of economics, some relate strongly to energy economics: Computablegeneralequilibrium Econometrics Environmental economics Finance Industrial organization...
assumption has become a standard assumption of international computablegeneralequilibrium models. These models generate smaller and more realistic responses...
Average Cost Pricing with Climatic Shocks in Senegal: A Dynamic ComputableGeneralEquilibrium Model Applied to Water" by ANNE BRIAND, University of Rouen...
regarding each outcome through the usage of what is known as computablegeneralequilibrium (CGE) which "integrate dynamics on a catchment scale" Helping...
as multi-country macro-econometric modelling, techniques of computablegeneralequilibrium modelling, survey methodology, and panel data econometrics,...
complex but tractable enough to allow computable methods of solution, in particular computablegeneralequilibrium models for the entire economy. Linear...
the new classical real business cycle models, microfounded computablegeneralequilibrium (CGE) models used for medium-term (structural) questions like...
C67 Input–Output Models C68 ComputableGeneralEquilibrium Models C69 Other C7 Game Theory and Bargaining Theory C70 General C71 Cooperative Games C72 Noncooperative...
In game theory, the Nash equilibrium is the most commonly-used solution concept for non-cooperative games. A Nash equilibrium is a situation where no player...
Australia and the Development of ComputableGeneralEquilibrium Modelling", Centre of Policy Studies and the IMPACT Project, General Working Paper No G-163, Monash...
in refereed economics journals. Environmental determinism A computablegeneralequilibrium model of Mexico with portfolio balances : with application to...
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