The Maxwell School
Peter J Wilcoxen
Computational General Equilibrium
How to design an appropriate model for a given task. Choosing the number and type of agents; modeling the behavior of households and firms.
A list of commonly used functional forms. Also contains a link to a PDF quick reference guide.
Demand systems for goods and services; income elasticities; functional forms.
Permanent income model; extended linear expenditure system; Keynesian consumption function.
Factor demand systems; constant returns to scale and zero profits; increasing returns to scale; joint production.
Sector-specific capital; costs of adjustment; time to build.
Peter J Wilcoxen, The Maxwell School, Syracuse University