Call Boomerang Books 1300 36 33 32

Get Latest Book News + FREE Shipping. Subscribe to the Boomerang Books Bulletin eNewsletter right now!

Description - Applying General Equilibrium by John B. Shoven

The aim of this book is to make more widely available a body of recent research activity that has become known as applied general equilibrium analysis. The central idea underlying this work is to convert the Walrasian general equilibrium structure (formalized in the 1950s by Kenneth Arrow, Gerard Debreu and others) from an abstract representation of an economy into realistic models of actual economies. Numerical, empirically based general equilibrium models can then be used to evaluate concrete policy options by specifying production and demand parameters and incorporating data reflective of real economies. Shoven and Whalley describe all aspects of developing applied general equilibrium models, including developing an appropriate equilibrium structure, calibrating the model, compiling counterfactual equilibria, and interpreting results. The authors contend that the Walrasian general equilibrium model provides an ideal framework for appraising the effects of policy changes on resource allocation, assessing who gains and who loses, and the policy impacts not well covered by empirical macro models. The applications in the book illustrate a number of ways in which fresh insights are provided in long standing policy controversies.

Buy Applying General Equilibrium by John B. Shoven from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780521266550
ISBN-10: 0521266556
Format: Hardback
(228mm x 152mm x 21mm)
Pages: 312
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 29-May-1992
Country of Publication: United Kingdom

Other Editions - Applying General Equilibrium by John B. Shoven

Book Reviews - Applying General Equilibrium by John B. Shoven

» Have you read this book? We'd like to know what you think about it - write a review about Applying General Equilibrium book by John B. Shoven and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review


Books By John B. Shoven

Demography and the Economy by John B. Shoven
Hardback, January 2011
$190.80
Applied General Equilibrium Analysis by John B. Shoven
Paperback, August 2008
$103.50
Putting Our House in Order by John B. Shoven
Hardback, April 2008
$32.36