11. The team maintains a global computable general equilibrium model, which uses the GTAP database. 12. In general equilibrium , the variation which involves infinite capital accumulation paths can be applied. 13. The Armington assumption has become a standard assumption of international computable general equilibrium models. 14. The Edgeworth box is used frequently in general equilibrium theory. 15. General equilibrium is designed to investigate such interactions between markets.16. The theorem has many applications in optimal control and in a general equilibrium context. 17. In the general equilibrium model savings must equal investment for the economy to clear. 18. Walras also went as far as developing the concept of general equilibrium of an economy. 19. That work that led him to be considered the father of the general equilibrium theory. 20. Frank Hahn defends general equilibrium modeling on the grounds that it provides a negative function.
