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Author : Herbert Scarf
Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.F/5 ( download)
Download or read book On the Computation of Equilibrium Prices written by Herbert Scarf and published by . This book was released on 1967 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Herbert E. Scarf
Publisher :
ISBN 13 :
Total Pages : 172 pages
Book Rating : 4.F/5 ( download)
Download or read book The Computation of Equilibrium Prices written by Herbert E. Scarf and published by . This book was released on 1979 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Herbert E. Scarf
Publisher :
ISBN 13 :
Total Pages : 9 pages
Book Rating : 4.:/5 (226 download)
Download or read book An Example of an Algorithm for Calculating General Equilibrium Prices written by Herbert E. Scarf and published by . This book was released on 1969 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : W. E. Diewert
Publisher :
ISBN 13 :
Total Pages : 25 pages
Book Rating : 4.:/5 (833 download)
Download or read book The Samuelson Nonsubstitution Theorem and the Computation of Equilibrium Prices written by W. E. Diewert and published by . This book was released on 1969 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : H. Scarf
Publisher :
ISBN 13 :
Total Pages : 11 pages
Book Rating : 4.:/5 (662 download)
Download or read book An Example of an Algorithm for Calculating General Equilibrium Prices written by H. Scarf and published by . This book was released on 1970 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Tek Ram Kundu
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (66 download)
Download or read book Computation of Equilibrium Prices in the Generalized Leontief Model written by Tek Ram Kundu and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jong-Shi Pang
Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (233 download)
Download or read book A Parametric Linear Complementarity Technique for the Computation of Equilibrium Prices in a Single Commodity Spatial Model written by Jong-Shi Pang and published by . This book was released on 1978 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a parametric linear complementarity technique for the computation of equilibrium prices in a single commodity spatial model. We first reformulate the model as a linear complementarity problem and then apply the parametric principal pivoting algorithm for its solution. this reformulation leads to the study of an arc-arc weighted adjacency matrix associated with a simple digraph having weights on the nodes. Several basic properties of such a matrix are derived. Using these properties, we show how the parametric principal pivoting algorithm can be greatly simplified in this application. Finally, we report some computational experience. (Author).
Author : Stanford University. Institute for Mathematical Studies in the Social Sciences
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (466 download)
Download or read book The Samuelson Nonsubstitution Theorem and the Computation of Equilibrium Prices written by Stanford University. Institute for Mathematical Studies in the Social Sciences and published by . This book was released on 1972 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : William C. Brainard
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (248 download)
Download or read book How to Compute Equilibrium Prices in 1891 written by William C. Brainard and published by . This book was released on 2000 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Patrick T. Harker
Publisher : Springer Science & Business Media
ISBN 13 : 364246548X
Total Pages : 288 pages
Book Rating : 4.6/5 (424 download)
Download or read book Spatial Price Equilibrium: Advances in Theory, Computation and Application written by Patrick T. Harker and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The problem of predicting interregional commodity movements and the regional prices of these commodities has intrigued economists, geographers and operations researchers for years. In 1838, A. A. Cournot (1838) discussed the equilibrium of trade between New York and Paris and noted how the equilibrium prices depended upon the transport costs. Enke (1951) recognized that this problem of predicting interregional flows and regional prices could be formulated as a network problem, and in 1952, . Paul Samuelson (1952) used the then recent advances in mathe matical programming to formalize the spatial price equilibrium problem as a nonlinear optimization problem. From this formula tion, Takayama and Judge (1964) derived their quadratic program ming representation of the spatial price equilibrium problem, which they and other scholars then applied to a wide variety of problem contexts. Since these early beginnings, the spatial price equilibrium problem has been widely studied, extended and applied; the paper by Harker (1985) reviews many of these results. In recent years, there has been a growing interest in this problem, as evidenced by the numerous publications listed in Harker (1985). The reasons for this renewed interest are many. First, new applications of this concept have arisen which challenge the theoretical underpinnings of this model. The spatial price equilibrium concept is founded on the assumption of perfect or pure competition. The applications to energy markets, steel markets, etc. have led scholars to rethink the basic structure of this model.
Author : T. Marschak
Publisher : Springer Science & Business Media
ISBN 13 : 3642658024
Total Pages : 257 pages
Book Rating : 4.6/5 (426 download)
Download or read book General Equilibrium with Price-Making Firms written by T. Marschak and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Motivation. That elegant fiction the competitive equilibrium seems still to dominate the frontiers of theoretical microeconomics. We may think of it in a general way as a state of affairs wherein economic agents, responding "rationally" to annoWlced prices, make choices which are consistent and feasible. The prices may also be described as "taken": for one reason or another the agents who respond to them consider them as given. The existence of such a state, its optimality, its robustness against free bargaining among agents when there are many of them, its Wliqueness, its stability when price displacements evoke specified adjustments--all these issues have been studied, and continue to be studied in a variety of settings. Slowly the equilibrium investigated begins to incorporate public goods, externalities of certain kinds, differences in agents' information, and infinitely many time periods. The appeal of such results need not be belabored: the equilibrium studied may sustain an optimal resource allocation, and when it does it sus tains it in a manner that appears to be informationally efficient and to accord well with individual incentives. Therefore it is important to extend the circumstances under which an equilibrium exists, under which it sustains opti mality, and under which it survives displacements as well as free bargaining among agents.
Author : Manuel Alejandro Cardenete
Publisher : Springer
ISBN 13 : 3662548933
Total Pages : 187 pages
Book Rating : 4.6/5 (625 download)
Download or read book Applied General Equilibrium written by Manuel Alejandro Cardenete and published by Springer. This book was released on 2017-08-02 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: This advanced textbook provides a straightforward but comprehensive introduction to applied general equilibrium modeling. General equilibrium is the backbone of modern economic analysis, which is why generation after generation of economics students have been introduced to it. As an analytical tool, general equilibrium can provide one of the most complete views of a given economy, as it incorporates all economic agents (households, firms, government and the foreign sector) in an integrated way that explicitly reveals the interplay of economic forces—supply and demand—and the balancing role of prices. Applied general equilibrium goes one step further in modeling, since it entails the integration of microeconomic theory, data handling and computing. This integration is essential for successful empirical modeling, but also involves various abilities that are not found in standard books. This book fills the gap, providing advanced students with the required tools, from the construction of consistent and applicable general equilibrium models to the interpretation of the results that ensue from the adoption of policies. This second edition expands the range of topics covered, including: indispensable general equilibrium theory, step-by-step model design, incremental model extensions, a wealth of sample computer code, procedures for constructing economic databases, database adjustments and database updating algorithms, numerical model calibration, policy strategies and their trade-offs and welfare effects, and a discussion of empirical policy examples.
Author : Stanford University. Department of Operations Research. Systems Optimization Laboratory
Publisher :
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.F/5 ( download)
Download or read book Computation of Economic Equilibria by Path Methods written by Stanford University. Department of Operations Research. Systems Optimization Laboratory and published by . This book was released on 1977 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to the economic equilibrium model is given and it is demonstrated that a path method can be used to compute equilibria for pure exchange economies in a nonlinear setting. Next, a model is described for an economy in which the utility functions are piecewise linear and the consumption and production sets are polyhedral. It is shown that an equilibrium for this economy is the solution to a system of bilinear equations subject to certain linear inequality and complementarity constraints. Two approaches are discussed for computing equilibria for such economies. The first is the bilinear complementarity algorithm (BCA) and the second is the homotopy retraction algorithm (HRA). Convergence proofs are given for both methods using the general theory for path methods described above. No conclusion could be drawn as to which algorithm was superior, but both performed well enough that it appears that much larger equilibrium problems also can be solved efficiently by these methods.
Author : Erich Schneider
Publisher : Psychology Press
ISBN 13 : 9780415313193
Total Pages : 400 pages
Book Rating : 4.3/5 (131 download)
Download or read book Pricing and Equilibrium written by Erich Schneider and published by Psychology Press. This book was released on 2003 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume analyses value and equilibrium. Chapters on the decisions of household and on the theory of the firm (including short and long-term planning and investment) include both static and dynamic analysis. * Based on the enlarged sixth German edition this English edition contains many diagrams and an introduction to linear programming, as well as full treatment of the author's well-known theory of production.
Author : Charalambos D. Aliprantis
Publisher : Springer Science & Business Media
ISBN 13 : 3662218933
Total Pages : 294 pages
Book Rating : 4.6/5 (622 download)
Download or read book Existence and Optimality of Competitive Equilibria written by Charalambos D. Aliprantis and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph is a systematic exposition of the authors' research on general equi librium models with an infinite number of commodities. It is intended to serve both as a graduate text on aspects of general equilibrium theory and as an introduction, for economists and mathematicians working in mathematical economics, to current research in a frontier area of general equilibrium theory. To this end, we have pro vided two introductory chapters on the basic economic model and the mathematical framework. The exercises at the end of each section complement the main exposition. Chapter one is a concise but substantiative discussion of the questions of exis tence and optimality of competitive equilibria in the Walrasian general equilibrium model of an economy with a finite number of households, firms and commodities. Our extension of this model to economies with an infinite number of commodities constitutes the core material of this book and begins in chapter three. Readers fa miliar with the Walrasian general equilibrium model as exposited in (13], [23] or [52] may treat chapter one as a handy reference for the main economic concepts and notions that are used throughout the book.
Author : W. Hildenbrand
Publisher : Elsevier
ISBN 13 : 1483275264
Total Pages : 228 pages
Book Rating : 4.4/5 (832 download)
Download or read book Introduction to Equilibrium Analysis written by W. Hildenbrand and published by Elsevier. This book was released on 2014-07-22 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advanced Textbooks in Economics, Volume 6: Introduction to Equilibrium Analysis: Variations on Themes by Edgeworth and Walras focuses on the approaches developed and instituted by Edgeworth and Walras in the study of equilibrium analysis. The book first underscores exchange economies, core of a game, and large economies. Discussions focus on economies with a continuum of agents, Walras equilibrium, prices and demand, balancedness, and commodity space. The manuscript then ponders on limit theorems for the core and existence of competitive equilibria. Topics include equilibria without convexity of preferences, existence of equilibria for economies with convex preferences, individual demand, emergence of prices, asymptotic equal treatment for most, uniform boundedness of core allocations, and limit theorems for type and replica economies. The publication examines continuous, upper, and lower hemi-continuous correspondences, fixed point theorems, and separation of convex sets. The book is a vital source of data for economists and researchers interested in equilibrium analysis.
Author : Pier C. Nicola
Publisher : Springer Science & Business Media
ISBN 13 : 3642483992
Total Pages : 176 pages
Book Rating : 4.6/5 (424 download)
Download or read book Imperfect General Equilibrium written by Pier C. Nicola and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic theory of the last fifty years has been dominated by the paradigm of General Equilibrium Theory, based on the scientific work of Walras-Pareto-Cassel-Wald-Hicks-Arrow-De breu-McKenzie. Some of its grounding assumptions are: all prices are fully flexible; an auctioneer appropriately manipulates all prices according to the law of supply and demand; every con sumer has only one budget constraint; all agents are perfectly informed; no actions are taken by agents before a vector of prices has been found such that all markets clear. Indeed, when all markets clear every agent can implement her/his chosen (opti mal) action and nobody is urged to change his/her decisions. Under these assumptions it is generally said that in a (one pe riod, competitive) general equilibrium model there is no place for money. The present monograph takes general equilibrium as the ba sis on which to build the model presented. But its first aim is to completely dispense with the Walrasian auctioneer by giving firms the task of choosing their output price~ period after period.
