The GenEqlb2.lng Model

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 General Equilibrium Model of an economy,  (GenEqlbx);
 Data based on Kehoe, Math Prog, Study 23(1985), page 253;
 Find clearing prices for commodities/goods and
   equilibrium production levels for processes in
   an economy.
     This model has multiple equilibria. Three of them are:
       PRICE(1)  PRICE(2)   PRICE(3)  PRICE(4)     LEVEL(1)  LEVEL(2)   
   1)    1         1        1          1           52         69
   2)  0.637688    1        0.154606   2.207706    42.70128   81.19803      
   3)  1.100547    1        1.234609   0.664845    53.18013   65.14815
     
 Ref: Kehoe, T. J.(1985), "A numerical investigation of multiplicity of equilibria,"
    Mathematical Programming Study 23, pp. 240-258.  ;  

Keywords:

Equilibrium | Complementarity Constraints | General Equilibrium | LINGO | Kehoe | Multiple solutions |