A Practical Method for Explicitly Modeling Quotas and Other Complementarities

To make CGE models realistic, inequality constraints (e.g., import quotas) or non-differentiable functions (e.g., income tax schedules) are sometimes needed. Both situations may be described using complementarity conditions, which state that either an equation is true or its complementary variable i...

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Veröffentlicht in:	Computational economics 2004-06, Vol.23 (4), p.325-341
Hauptverfasser:	Wittwer, Glyn, Pearson, Ken Robert, Horridge, Jonathan Mark, Harrison, W. Jill
Format:	Artikel
Sprache:	eng
Schlagworte:	Accuracy Algorithms Approximation Economic models Equilibrium Inequality Methods Prices Quotas Studies Tariffs Variables
Online-Zugang:	Volltext
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