Extraproximal approach to calculating equilibriums in pure exchange models

Extraproximal approach to calculating equilibriums in pure exchange models

Models of economic equilibrium are a powerful tool of mathematical modeling of various markets. However, according to many publications, there are as yet no universal techniques for finding equilibrium prices that are solutions to such models. A technique of this kind that is a natural implementatio...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Computational mathematics and mathematical physics 2006-10, Vol.46 (10), p.1687-1698
1. Verfasser: Antipin, A S
Format: Artikel
Sprache:eng
Schlagworte:
Computation
Convergence
Documents
Economics
Equilibrium
Markets
Mathematical models
Studies
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:Models of economic equilibrium are a powerful tool of mathematical modeling of various markets. However, according to many publications, there are as yet no universal techniques for finding equilibrium prices that are solutions to such models. A technique of this kind that is a natural implementation of the Walras idea of tatonnements (i.e., groping for equilibrium prices) is proposed, and its convergence is proved.[PUBLICATION ABSTRACT]
ISSN:0965-5425
1555-6662
DOI:10.1134/S096554250610006X