Jensen, Bjarne S.; Larsen, Mogens E. - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2005
This paper analyzes Walrasian general equilibrium systems and calculates the static and dynamic solutions for competitive market equilibria. The Walrasian framework encompasses the basic multi-sector growth (MSG) models with neoclassical production technologies in N sectors (industries). The...