O. Cornielje - Academia.edu (original) (raw)
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Papers by O. Cornielje
Economics Letters, 1986
A method to compute D&e equilibria is derived by defining virtual-tax equilibria, giving a constr... more A method to compute D&e equilibria is derived by defining virtual-tax equilibria, giving a constructional proof of the existence of such equilibria and showing the equivalence with Dreze equilibria. Some numerical examples conclude the paper. * The research reported in this paper is part of the VF-program 'Equilibrium and disequilibrium in demand and supply'.
Serie Research Memoranda, 1989
In this paper some arguments are given why an alternative to the National Accounting framework an... more In this paper some arguments are given why an alternative to the National Accounting framework and the Social Accounting Matrix approach may be interesting. This alternative approach, called 'Total Accounts', is based on neo-classical theory and therefore delivers more clear definitions of such concepts as income and Lncome-redistribution. As an example, a time-series of Total Accounts for the Netherlands is presented. * Department of Econometrics, Vrije Universiteit, Amsterdam, The Netherlands. The investigations reported in this paper are carried out as part of the Dutch VF-project 'Equilibrium and disequilibrium in supply and demand'.
Economics Letters, 1985
In this paper an adaptation of the general calibration method for applied equilibrium models is p... more In this paper an adaptation of the general calibration method for applied equilibrium models is proposed which takes into account excess demands or supplies as result of rationing. This adaptation is applied to a multi-level CES-type household. It turns out that the computational burden of this example stays limited as compared with calibration without rationing. * The author acknowledges Prof. W.J. Keller for his stimulating comments, although all flaws remain his own responsibility. The research reported here is part of the VF-research program 'Equilibrium and disequilibrium in demand and supply'.
Summary In this paper, the Keller (1980) framework for an applied general equilibrium model is ad... more Summary In this paper, the Keller (1980) framework for an applied general equilibrium model is adapted to allow for rationing of households. To accomplish this, the concept of virtual prices (Neary and Roberts, 1980) is used. The calibration of the linearized model to a benchmark-year data set must be accommodated to reveal the level of the virtual prices. The modified framework is used for a disaggregated 114-sector model of The Netherlands in 1981.
Economics Letters, 1986
A method to compute D&e equilibria is derived by defining virtual-tax equilibria, giving a constr... more A method to compute D&e equilibria is derived by defining virtual-tax equilibria, giving a constructional proof of the existence of such equilibria and showing the equivalence with Dreze equilibria. Some numerical examples conclude the paper. * The research reported in this paper is part of the VF-program 'Equilibrium and disequilibrium in demand and supply'.
Serie Research Memoranda, 1989
In this paper some arguments are given why an alternative to the National Accounting framework an... more In this paper some arguments are given why an alternative to the National Accounting framework and the Social Accounting Matrix approach may be interesting. This alternative approach, called 'Total Accounts', is based on neo-classical theory and therefore delivers more clear definitions of such concepts as income and Lncome-redistribution. As an example, a time-series of Total Accounts for the Netherlands is presented. * Department of Econometrics, Vrije Universiteit, Amsterdam, The Netherlands. The investigations reported in this paper are carried out as part of the Dutch VF-project 'Equilibrium and disequilibrium in supply and demand'.
Economics Letters, 1985
In this paper an adaptation of the general calibration method for applied equilibrium models is p... more In this paper an adaptation of the general calibration method for applied equilibrium models is proposed which takes into account excess demands or supplies as result of rationing. This adaptation is applied to a multi-level CES-type household. It turns out that the computational burden of this example stays limited as compared with calibration without rationing. * The author acknowledges Prof. W.J. Keller for his stimulating comments, although all flaws remain his own responsibility. The research reported here is part of the VF-research program 'Equilibrium and disequilibrium in demand and supply'.
Summary In this paper, the Keller (1980) framework for an applied general equilibrium model is ad... more Summary In this paper, the Keller (1980) framework for an applied general equilibrium model is adapted to allow for rationing of households. To accomplish this, the concept of virtual prices (Neary and Roberts, 1980) is used. The calibration of the linearized model to a benchmark-year data set must be accommodated to reveal the level of the virtual prices. The modified framework is used for a disaggregated 114-sector model of The Netherlands in 1981.