Computing Economic Equilibria by a Homotopy Method

Details Computing Economic Equilibria by a Homotopy Method Computing Economic Equilibria by a Homotopy Method

2011-10-24

arxiv.org/abs/1110.5144v1

Economy

Quantitative Finance

Computational Finance

12th IEEE International Symposium on Computational Intelligence and Informatics

Scientific paper

In this paper the possibility of computing equilibrium in pure exchange and
production economies by a homotopy method is investigated. The performance of
the algorithm is tested on examples with known equilibria taken from the
literature on general equilibrium models and numerical results are presented.
In computing equilibria, economy will be specified by excess demand function.

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