Study of Equilibrium Prices, Using General Equilibrium Models
Journal Title: Journal of Applied Quantitative Methods - Year 2007, Vol 2, Issue 4
Abstract
The first part of the paper presents some theoretical aspects related to general equilibrium models and the motivation of formulating the general equilibrium models as mixed complementary ones. Then we present a general equilibrium application using GAMS software (General Algebraic Modelling Systems). The application is a general equilibrium model for the Romanian energetic system, considered as a component of the national economy.
Authors and Affiliations
Daniela MARINESCU, Mioara BANCESCU, Dumitru MARIN
Keywords
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