Example8.2

<p>This is Example 8.2 in Li (2019), which expounds a Cobb-Douglas market-clearing exchange process.</p>

Developing general equilibrium models, computing general equilibrium and simulating economic dynamics with structural dynamic models in LI (2019, ISBN: 9787521804225) "General Equilibrium and Structural Dynamics: Perspectives of New Structural Economics. Beijing: Economic Science Press". When developing complex general equilibrium models, GE package should be used in addition to this package.

Example8.2: Example 8.2 in Li (2019)

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