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This paper demonstrates how simple general equilibrium models can be solved with the help of Microsoft Excel. Two different general equilibrium models for tax incidence analysis are used as illustrative examples. The methods presented here are intended to be beneficial to both students and...
Persistent link: https://www.econbiz.de/10008469724
's optimization problem to out students in Microeconomics course. It suggests that while maximizing utility subject to a budget … implications of these alternatives presentations of the optimization problem may be quite different. …
Persistent link: https://www.econbiz.de/10005671191