Free shipping on orders over $89 - Limited time only - T&Cs apply
Track My Order
Help Centre
Likes
My Wish ListsLogin / Join
Booktopia
Australia's local bookstore
Get Free Shipping on orders over $89
Applying General Equilibrium : Cambridge Surveys of Economic Literature - John B. Shoven

Applying General Equilibrium

By: John B. Shoven, John Pencavel (Editor), John Whalley (As told to)

Paperback | 2 November 1992

At a Glance

Paperback

RRP $79.95

$74.75

or 4 interest-free payments of $18.69 with

 or 

Ships in 5 to 7 business days

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.
Industry Reviews
'Given that the authors count as being among the most creative, influential and prolific in this area, one expects that this is going to be a fascinating tour. And, indeed, it is. All aspects of model building and use for policy analysis are discussed and illustrated in elegant and lively style ... All this is presented in a masterly way.' Economica

You Can Find This Book In

Non-FictionEconomicsEconometricsEconomic Theory & PhilosophyMacroeconomicsScienceScience in GeneralEconomic HistoryMicroeconomics

More in Macroeconomics

The Common Good Economy : A New Compass - Mariana Mazzucato

The Common Good Economy

A New Compass

Paperback

RRP $39.99

$31.75

21%
OFF
Foundations of Macroeconomics - Jade Murphy

Foundations of Macroeconomics

Hardcover

$432.75

Mastering The Market Cycle : Getting the odds on your side - Howard Marks

Mastering The Market Cycle

Getting the odds on your side

Paperback

RRP $34.99

$28.75

18%
OFF
The Road to Freedom : Economics and the Good Society - Joseph Stiglitz

The Road to Freedom

Economics and the Good Society

Paperback

RRP $26.99

$22.99

15%
OFF
Money in the Twenty-First Century : Cheap, Mobile, and Digital - Richard Holden

Money in the Twenty-First Century

Cheap, Mobile, and Digital

Paperback

RRP $44.95

$35.75

20%
OFF
The End of Poverty : How We Can Make it Happen in Our Lifetime - Jeffrey Sachs

The End of Poverty

How We Can Make it Happen in Our Lifetime

Paperback

RRP $37.99

$28.99

24%
OFF
Equality Is a Struggle : Bulletins from the Front Line, 2021-2025 - Thomas Piketty

Equality Is a Struggle

Bulletins from the Front Line, 2021-2025

Hardcover

RRP $39.95

$31.75

21%
OFF
Modeling Monetary Economies : 5th Edition - Bruce Champ

Modeling Monetary Economies

5th Edition

Paperback

RRP $93.95

$73.99

21%
OFF
Macroeconomics, Global Edition : 8th Edition - Olivier Blanchard

Macroeconomics, Global Edition

8th Edition

Paperback

RRP $200.95

$156.75

22%
OFF
Capital in the Twenty-First Century - Thomas Piketty

Capital in the Twenty-First Century

Hardcover

RRP $70.95

$52.99

25%
OFF

This product is categorised by