Introduction to the symposium: The discipline of applied general equilibrium

Timothy J. Kehoe, Edward C. Prescott

Research output: Contribution to journalArticle

17 Citations (Scopus)

Abstract

The use of general equilibrium models in applied research imposes a discipline in which model structures can easily be compared and contrasted and model results can be interpreted using a well understood and rigorously developed theoretical framework. These features allow researchers to compare results across modeling efforts and to build on the experience of others in deriving results and formulating questions. This paper first presents a brief critical history of applied general equilibrium analysis. It then summarizes the contributions of eight other papers in this issue.

Original languageEnglish (US)
Pages (from-to)1-11
Number of pages11
JournalEconomic Theory
Volume6
Issue number1
DOIs
StatePublished - Feb 1 1995

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Symposium
Applied general equilibrium
Applied research
General equilibrium analysis
General equilibrium model
Theoretical framework
Modeling

Cite this

Introduction to the symposium : The discipline of applied general equilibrium. / Kehoe, Timothy J.; Prescott, Edward C.

In: Economic Theory, Vol. 6, No. 1, 01.02.1995, p. 1-11.

Research output: Contribution to journalArticle

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