The existence and computation of competitive equilibria in markets with an indivisible commodity (Q1083355): Difference between revisions
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Revision as of 03:50, 21 February 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | The existence and computation of competitive equilibria in markets with an indivisible commodity |
scientific article |
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The existence and computation of competitive equilibria in markets with an indivisible commodity (English)
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1986
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An exchange economy called a generalized assignment market is presented and an existence theorem for a competitive equilibrium is obtained. This existence theorem is applied to a production economy in which sellers are formulated as producers with convex cost functions. The competitive equilibrium is calculated by a fixed point algorithm.
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exchange economy
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generalized assignment market
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existence theorem
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competitive equilibrium
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fixed point algorithm
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