The Arrow-Debreu model of general competitive equilibrium in a monetary economy
نویسندگان
چکیده
منابع مشابه
A path to the Arrow-Debreu competitive market equilibrium
We present polynomial-time interior-point algorithms for solving the Fisher and Arrow-Debreu competitive market equilibrium problems with linear utilities and n players. Both of them have the arithmetic operation complexity bound of O(n log(1/2)) for computing an 2-equilibrium solution. If the problem data are rational numbers and their bit-length is L, then the bound to generate an exact solut...
متن کاملYe A Path to the Arrow - Debreu Competitive Market Equilibrium
We present polynomial-time interior-point algorithms for solving the Fisher and Arrow-Debreu competitive market equilibrium problems with linear utilities and n players. Both of them have the arithmetic operation complexity bound of O(n log(1/2)) for computing an 2-equilibrium solution. If the problem data are rational numbers and their bit-length is L, then the bound to generate an exact solut...
متن کاملLinear Arrow-Debreu market equilibrium
We study the linear Arrow-Debreu’s model and derive a fix point method to find the market equilibrium. The convergence of this method is proved, while the speed is unknown. Besides that, properties about utility distribution and the partition of buyers are also studied. I. PROBLEM DEFINITION The problems of market equilibrium were initially studied in the domain of mathematical economics. We st...
متن کاملRanking via Arrow-Debreu Equilibrium
In this paper, we establish a connection between ranking theory and general equilibrium theory. First of all, we show that the ranking vector of PageRank or Invariant method is precisely the equilibrium of a special Cobb-Douglas market. This gives a natural economic interpretation for the PageRank or Invariant method. Furthermore, we propose a new ranking method, the CES ranking, which is minim...
متن کاملA General Equilibrium Model of the Three - Sector Competitive Economy
The presence of externality, indivisibility, and uncertainty destroys the market's ability to coordinate production. Entrepreneurs rise to organize production by assuming a part of the allocative role traditionally reserved exclusively to the market. Assume that there are three classes of entrepreneurs: profit-oriented, nonprofit oriented and public entrepreneurs. These entrepreneurs cooperate ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Mathematical and Computer Modelling
سال: 1990
ISSN: 0895-7177
DOI: 10.1016/0895-7177(90)90357-s