|
Zhurnal Vychislitel'noi Matematiki i Matematicheskoi Fiziki, 2006, Volume 46, Number 10, Pages 1771–1783
(Mi zvmmf396)
|
|
|
|
This article is cited in 6 scientific papers (total in 6 papers)
Extraproximal approach to calculating equilibriums in pure exchange models
A. S. Antipin Dorodnicyn Computing Center, Russian Academy of Sciences,
ul. Vavilova 40, Moscow, 119991, Russia
Abstract:
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.
Key words:
model of economic equilibrium, extraproximal method, convergence.
Received: 06.02.2006 Revised: 23.05.2006
Citation:
A. S. Antipin, “Extraproximal approach to calculating equilibriums in pure exchange models”, Zh. Vychisl. Mat. Mat. Fiz., 46:10 (2006), 1771–1783; Comput. Math. Math. Phys., 46:10 (2006), 1687–1698
Linking options:
https://www.mathnet.ru/eng/zvmmf396 https://www.mathnet.ru/eng/zvmmf/v46/i10/p1771
|
|