The existence and computation of competitive equilibria in markets with an indivisible commodity (Q1083355): Difference between revisions
From MaRDI portal
Created a new Item |
Added link to MaRDI item. |
||
| links / mardi / name | links / mardi / name | ||
Revision as of 00:44, 31 January 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 |
Statements
The existence and computation of competitive equilibria in markets with an indivisible commodity (English)
0 references
1986
0 references
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.
0 references
exchange economy
0 references
generalized assignment market
0 references
existence theorem
0 references
competitive equilibrium
0 references
fixed point algorithm
0 references
