Computation Of Economic Equilibria By Path Methods PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Computation Of Economic Equilibria By Path Methods PDF full book. Access full book title Computation Of Economic Equilibria By Path Methods.
Author | : Stanford University. Department of Operations Research. Systems Optimization Laboratory |
Publisher | : |
Total Pages | : 136 |
Release | : 1977 |
Genre | : |
ISBN | : |
Download Computation of Economic Equilibria by Path Methods Book in PDF, ePub and Kindle
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 | : Ken Urai |
Publisher | : World Scientific |
Total Pages | : 311 |
Release | : 2010 |
Genre | : Mathematics |
ISBN | : 9812837183 |
Download Fixed Points and Economic Equilibria Book in PDF, ePub and Kindle
Wuthering Heights
Author | : Thomas Richard Elken |
Publisher | : |
Total Pages | : 434 |
Release | : 1977 |
Genre | : Algorithms |
ISBN | : |
Download The Computation of Equilibria by Path Methods Book in PDF, ePub and Kindle
Author | : Trout Rader |
Publisher | : Academic Press |
Total Pages | : 383 |
Release | : 2014-05-10 |
Genre | : Business & Economics |
ISBN | : 1483268926 |
Download Theory of General Economic Equilibrium Book in PDF, ePub and Kindle
Theory of General Economic Equilibrium provides information pertinent to the general economic equilibrium theory. This book covers a variety of topics, including efficiency, economic systems analysis, welfare economics, and international trade. Organized into three parts encompassing eight chapters, this book begins with an overview of the theory of efficient production and growth where consumer preferences play a subordinate role. This text then examines that for the case where preferences satisfy appropriate conditions, efficiency theory is superseded as normative analysis by optimality theory. Other chapters consider the optimization of consumer preferences that leads to the decline of many families. This book discusses as well the existence of equilibrium, which is of importance to both normative and positive economics. The final chapter deals with the question of the speed with which the economic system attains its equilibrium state, which is assumed to be stationary. This book is a valuable resource for professional economists and advanced graduate students in economics.
Author | : Zaifu Yang |
Publisher | : Springer Science & Business Media |
Total Pages | : 349 |
Release | : 2013-04-17 |
Genre | : Business & Economics |
ISBN | : 1475748396 |
Download Computing Equilibria and Fixed Points Book in PDF, ePub and Kindle
Computing Equilibria and Fixed Points is devoted to the computation of equilibria, fixed points and stationary points. This volume is written with three goals in mind: (i) To give a comprehensive introduction to fixed point methods and to the definition and construction of Gröbner bases; (ii) To discuss several interesting applications of these methods in the fields of general equilibrium theory, game theory, mathematical programming, algebra and symbolic computation; (iii) To introduce several advanced fixed point and stationary point theorems. These methods and topics should be of interest not only to economists and game theorists concerned with the computation and existence of equilibrium outcomes in economic models and cooperative and non-cooperative games, but also to applied mathematicians, computer scientists and engineers dealing with models of highly nonlinear systems of equations (or polynomial equations).
Author | : Peter B. Dixon |
Publisher | : |
Total Pages | : 13 |
Release | : |
Genre | : |
ISBN | : |
Download The Computation of Economic Equilibria Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : |
Release | : 1975 |
Genre | : Economics |
ISBN | : |
Download Monograph Book in PDF, ePub and Kindle
Author | : Alan Sussmann Manne |
Publisher | : North Holland |
Total Pages | : 280 |
Release | : 1985 |
Genre | : Business & Economics |
ISBN | : |
Download Economic Equilibrium Book in PDF, ePub and Kindle
Author | : Burkhard Heer |
Publisher | : Springer Science & Business Media |
Total Pages | : 548 |
Release | : 2005-12-05 |
Genre | : Business & Economics |
ISBN | : 3540273123 |
Download Dynamic General Equilibrium Modelling Book in PDF, ePub and Kindle
Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. Many mathematical tools are needed to solve these models. The book presents various methods for computing the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. Part II discusses methods for solving heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. Through an accompanying home page to this book, computer codes to all applications can be downloaded.
Author | : Burkhard Heer |
Publisher | : Springer Science & Business Media |
Total Pages | : 719 |
Release | : 2011-10-20 |
Genre | : Business & Economics |
ISBN | : 3540856846 |
Download Dynamic General Equilibrium Modeling Book in PDF, ePub and Kindle
Modern business cycle theory and growth theory uses stochastic dynamic general equilibrium models. In order to solve these models, economists need to use many mathematical tools. This book presents various methods in order to compute the dynamics of general equilibrium models. In part I, the representative-agent stochastic growth model is solved with the help of value function iteration, linear and linear quadratic approximation methods, parameterised expectations and projection methods. In order to apply these methods, fundamentals from numerical analysis are reviewed in detail. In particular, the book discusses issues that are often neglected in existing work on computational methods, e.g. how to find a good initial value. In part II, the authors discuss methods in order to solve heterogeneous-agent economies. In such economies, the distribution of the individual state variables is endogenous. This part of the book also serves as an introduction to the modern theory of distribution economics. Applications include the dynamics of the income distribution over the business cycle or the overlapping-generations model. In an accompanying home page to this book, computer codes to all applications can be downloaded.