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AN ALTERNATIVE ECONOMIC EQUILIBRIUM MODEL WITH DIFFERENT IMPLEMENTATION MECHANISMS
Форма представленияСтатьи в зарубежных журналах и сборниках
Год публикации2015
Языканглийский
  • Коннов Игорь Васильевич, автор
  • Библиографическое описание на языке оригинала Konnov I.V. An alternative economic equilibrium model with different implementation mechanisms // Advanced Modeling and Optimization. - 2015. - V.17, No 2. - P. 245-265.
    Аннотация We consider a general economic equilibrium model with divisible commodities and price functions based on the material balance condition. We show that mechanisms for attaining its solution points are closely related to information exchange schemes attributed to the model within its basic information framework. In particular, it contains features from both perfect and imperfect competitive models and its equilibrium state can be attained within a completely decentralized transaction mechanism. Therefore, we obtain a rather flexible modeling framework for describing various complex economic systems. At the same time, the model admits an equivalent variational inequality formulation, hence there exists a great collection of results for its investigation and solution. We discuss its relationships with some other economic equilibrium models.
    Ключевые слова Economic equilibrium model, divisible commodities, price functions, basic information framework, implementation mechanism, information exchange scheme, bilateral transactions, auction model, oligopolistic equilibria.
    Название журнала Advanced Modeling and Optimization
    URL http://camo.ici.ro/journal/vol17/v17b7.pdf
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