Would you be so kind and one day apply this general equilibrium therory on the geoengineering and weather modification as it has become a billion dollar business - some company in England even offers weather creation for a wedding (they organise it in France). Can this general equilibrium theroy be applied on this geoengineering& weather modification business?
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Wow, good question. This is the type of area where it would be logical to apply general equilibrium theory. I would guess construct a CGE model. It would be very data intensive. That is also assuming that data is easy to get hold of.
To be honest, I don't like the idea of messing with our weather. There could be effects that we are not aware of at this point. There would be a lot of unknowns that would also need to be accounted for at some point.