Macro-economy - EPPA
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Each period of EPPA forms a Arrow-Debreu type of model that is the basis of the general equilibrium theory. The recursive structure connects periods together through the evolution of endowments.
Corresponding documentation | |
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Previous versions | |
No previous version available | |
Model information | |
Model link | |
Institution | Massachusetts Institute of Technology (MIT), USA, https://globalchange.mit.edu/. |
Solution concept | General equilibrium (closed economy) |
Solution method | Optimization |
Anticipation |