General Economic Equilibrium

2-Goods 2-Consumers General Economic Equilibrium

Description

Simulink implementation of a General Economic Equilibrium with 2 firms and 2 consumers. The model features two general level-2 masked s-functions. The first one implements the consumer, which maximizes his utility function, and the second implements the firm, which maximizes its profit.
This was taken from: "Economics: a Mathematical Introduction", C.J. McKenna and Ray Rees, Chapter 14.

• Required Products: Simulink
• MATLAB release: MATLAB 7.0.1 (R14SP1)