The Foundations of Computable General EquilibriumTheory
Recommended Citation
Velupillai, K.V., (2005) "The Foundations of Computable General EquilibriumTheory" (Working Paper No. 0093) National University of Ireland, Galway.
Abstract
A constructive and recursion theoretic analysis of the standard Computable General Equilibrium (CGE) model of economic theory is undertaken. It is shown, contrary to widely expressed views and textbook versions of the CGE model, that the standard CGE model is neither computable nor constructive in the strict mathematical senses.
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