CGE (version 0.3.3)

Example.MWG.15.B.2: Example 15.B.2 in MWG (1995)

Description

This is Example 15.B.2 in MWG (1995, P521), which is a pure exchange 2-by-2 economy with quasilinear utility functions.

Usage

Example.MWG.15.B.2(p0 = c(1, 0.3))

Arguments

p0

an initial price 2-vector, which will be passed to the function sdm.

References

LI Wu (2019, ISBN: 9787521804225) General Equilibrium and Structural Dynamics: Perspectives of New Structural Economics. Beijing: Economic Science Press. (In Chinese)

Mas-Colell, Andreu and Whinston, Michael Dennis and Green, Jerry R. (1995, ISBN: 0195073401) Microeconomic Theory. Oxford University Press (New York).

Examples

# NOT RUN {
ge <- Example.MWG.15.B.2()
ge$p

#####
ge <- Example.MWG.15.B.2(p0 = c(0.3, 1))
ge$p

#####
ge <- Example.MWG.15.B.2(p0 = c(1, 1))
ge$p
# }