Praise for Frontiers in Applied General Equilibrium Modeling "This is a fitting tribute to Herbert Scarf, whose vision of the potential for
computational general equilibrium analysis has been realized and far surpassed. The
editors of this volume have assembled a marquee group of contributors to present both a
retrospective and a prospective review of the techniques and applications of computable
general equilibrium analysis. The result is a remarkable all-in-one catalog of both the
uses and limitations of applied general equilibrium modeling as a descriptive,
prescriptive and evaluative tool. This is a book for the curious as well as the
converted." "Herbert Scarf has had a profound impact on applied general equilibrium analysis,
both through his own work and through the work of his many students. This excellent
volume, written by a who's-who of experts in the field, is a fitting tribute to Scarf. It
is sure to become a standard reference work." "This book is not only a tribute to Herb Scarf, the father of general equilibrium
computation in economics and one of the greatest economists of the past fifty years, but
it is also a valuable handbook on the developments in applied general equilibrium modeling
over the last thirty years. The list of authors of the fifteen papers is headed by two
Nobel Prizewinners, Kenneth Arrow and Jim Heckman, and it doesn't go downhill from there.
There isn't a better collection of papers in existence to appreciate the importance and
breadth of application of AGE modeling. The work that Herb Scarf set in motion is now
finding important applications in the evaluation of tax policy, in the assessment of
global climate change, in business cycle analysis, and in the area of international trade.
Readers cannot find a better example of how developments in theoretical economics
gradually influence the way real world policy evaluation is performed." "The essays in this volume provide a most useful resource for anyone interested in
General Equilibrium and its applications. The large number of outstanding contributions
establish both the vitality and the influence of Applied General Equilibrium. One can
hardly imagine a more distinguished list of contributors. This is a magnificent tribute to
the work of Herbert Scarf and to the many outstanding students and colleagues who have had
the good fortune to study and work with him." "This volume is a collection of fifteen papers on applied (or computable) general
equilibrium modeling written by some of the most prominent applied general equilibrium
modelers to mark Herbert Scarf's own magnificent contributions to economics. They cover
international trade, public finance, taxation, development, environment, energy, global
warming, and related subjects, as well as find ingenious solutions for conceptual problems
such as stochastic uncertainties, non-convexity, externalities, and others that have
bothered economists for many years." |