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Diskretnyi Analiz i Issledovanie Operatsii, 2010, Volume 17, Issue 2, Pages 79–96
(Mi da607)
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This article is cited in 1 scientific paper (total in 1 paper)
Linear-fractional exchange model. Part 2: Algorithm of meeting trajectories for the fixed budget model
V. I. Shmyrevab a S. L. Sobolev Institute of Mathematics, SB RAS, Novosibirsk, Russia
b Novosibirsk State University, Novosibirsk, Russia
Abstract:
In the paper we consider an exchange model with linear-fractional utility functions of consumers. For the fixed budget exchange model an algorithm is proposed, which uses a polyhedral complementarity approach. This approach was developed earlier by author for linear models. Under very weak non-degeneracy assumption on the initial state, we prove that the proposed algorithm yields an equilibrium in finite steps. Bibl. 18.
Keywords:
exchange model, linear-fractional function, utility function, economic equilibrium, price vector, mapping, fixed point, algorithm, polyhedral complementarity.
Received: 07.04.2009 Revised: 21.12.2009
Citation:
V. I. Shmyrev, “Linear-fractional exchange model. Part 2: Algorithm of meeting trajectories for the fixed budget model”, Diskretn. Anal. Issled. Oper., 17:2 (2010), 79–96
Linking options:
https://www.mathnet.ru/eng/da607 https://www.mathnet.ru/eng/da/v17/i2/p79
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Abstract page: | 402 | Full-text PDF : | 101 | References: | 45 | First page: | 4 |
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