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Sibirskii Zhurnal Industrial'noi Matematiki, 2011, Volume 14, Number 4, Pages 136–147
(Mi sjim704)
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This article is cited in 2 scientific papers (total in 2 papers)
The method of meeting trajectories for a linear production-exchange model
V. I. Shmyrev Sobolev Institute of Mathematics, Siberiam Division of the RAS, Novosibirsk, RUSSIA
Abstract:
We study the exchange model of economics whose participants include both consumers and companies producing goods. The production capacities of the companies are restricted by the expenses of a certain single resource. We study in detail the version of the model with fixed budgets of the participants. We present and justify a method for finding the equilibrium, which develops the original approach of polyhedral complementarity. Under a rather slight assumption of nondegeneracy we show that the algorithm enables us to obtain the equilibrium state in finitely many steps.
Keywords:
exchange model, economic equilibrium, price vector, polyhedral complementarity, simplex-type algorithm.
Received: 07.06.2010
Citation:
V. I. Shmyrev, “The method of meeting trajectories for a linear production-exchange model”, Sib. Zh. Ind. Mat., 14:4 (2011), 136–147; J. Appl. Industr. Math., 6:4 (2012), 490–500
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https://www.mathnet.ru/eng/sjim704 https://www.mathnet.ru/eng/sjim/v14/i4/p136
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