A New Approach for General Equilibrium with Discontinuous Excess Demand Function

التفاصيل البيبلوغرافية
العنوان: A New Approach for General Equilibrium with Discontinuous Excess Demand Function
المؤلفون: Zhiping Xie
المصدر: SSRN Electronic Journal.
بيانات النشر: Elsevier BV, 2005.
سنة النشر: 2005
مصطلحات موضوعية: Dynamic programming, Mathematical optimization, General equilibrium theory, Economics, Excess demand function, Mathematical economics, Nonlinear programming
الوصف: Traditional ways to prove the existence of general equilibrium have to entail a common condition that the excess demand function must be continuous. This paper presents a new approach to change it. The technique used in this paper is that we tackle general equilibrium problem, which in fact is a static nonlinear programming problem, with dynamic programming. By this technique, it is strictly proven that general equilibrium with discontinuous excess demand function still exists.
تدمد: 1556-5068
الوصول الحر: https://explore.openaire.eu/search/publication?articleId=doi_________::1bf1b7656bc3bef35f274a5971ff947fTest
https://doi.org/10.2139/ssrn.721362Test
رقم الانضمام: edsair.doi...........1bf1b7656bc3bef35f274a5971ff947f
قاعدة البيانات: OpenAIRE