GTAP Virtual Seminar Series, Vol 4, No 3 (2023)
A general equilibrium model with an asymmetric Armington function: Method and application
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In the modeling of imports, most CGE models use Armington functions with symmetric responses to increases and decreases in the ratio of prices of imports and domestic products. Watch this recorded seminar to learn more about how the authors extend this by permitting asymmetric responses to changes in this price ratio.
